Vanguard Group Inc. Raises Stock Position in NVR, Inc. (NYSE:NVR)

Vanguard Group Inc. raised its stake in shares of NVR, Inc. (NYSE:NVR) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,460 shares of the construction company’s stock after purchasing an additional 1,147 shares during the period. Vanguard Group Inc. owned 11.19% of NVR worth $2,800,946,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after buying an additional 3 shares in the last quarter. Private Trust Co. NA lifted its position in shares of NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR in the third quarter worth approximately $49,000. Smartleaf Asset Management LLC increased its position in shares of NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after purchasing an additional 3 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in NVR in the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Trading Down 0.8 %

Shares of NVR stock opened at $7,304.01 on Wednesday. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a twelve month low of $7,015.00 and a twelve month high of $9,964.77. The company’s 50-day moving average price is $7,578.18 and its 200-day moving average price is $8,526.34. The stock has a market cap of $21.69 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 2.39 and a beta of 1.25.

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

NVR announced that its board has initiated a share repurchase 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 board believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.00% of the stock is owned by insiders.

Analysts Set New Price Targets

NVR has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of 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 boosted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9,356.67.

NVR Company 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.