36,147 Shares in NVR, Inc. (NYSE:NVR) Purchased by Norges Bank

Norges Bank purchased a new position in NVR, Inc. (NYSE:NVR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 36,147 shares of the construction company’s stock, valued at approximately $295,643,000. Norges Bank owned 1.18% of NVR at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in shares of NVR in the fourth quarter worth $3,277,825,000. Vanguard Group Inc. boosted its holdings in NVR by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock valued at $2,800,946,000 after purchasing an additional 1,147 shares during the last quarter. Principal Financial Group Inc. grew its position in NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after purchasing an additional 1,549 shares during the period. Boston Partners grew its position in NVR by 3.2% during the 4th quarter. Boston Partners now owns 51,844 shares of the construction company’s stock worth $424,066,000 after purchasing an additional 1,605 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of NVR by 5.7% during the 4th quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock valued at $307,118,000 after buying an additional 2,027 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. UBS Group raised their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.00% of the stock is owned by corporate insiders.

NVR Price Performance

NYSE:NVR opened at $7,163.11 on Friday. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77. The stock’s 50-day moving average price is $7,514.50 and its 200-day moving average price is $8,491.50. The stock has a market capitalization of $21.27 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

NVR Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.