NVR, Inc. (NYSE:NVR) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 12.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,993 shares of the construction company’s stock after purchasing an additional 323 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in NVR were worth $24,492,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in NVR in the fourth quarter worth approximately $3,277,825,000. Corient Private Wealth LLC lifted its position in shares of NVR by 2,599.1% during the 4th quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock worth $73,512,000 after purchasing an additional 8,655 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of NVR during the fourth quarter worth $37,942,000. Amundi grew its stake in shares of NVR by 82.9% during the fourth quarter. Amundi now owns 9,131 shares of the construction company’s stock worth $73,102,000 after purchasing an additional 4,139 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in NVR by 67.7% in the fourth quarter. Teacher Retirement System of Texas now owns 9,943 shares of the construction company’s stock valued at $81,323,000 after buying an additional 4,015 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value 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 represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.00% of the stock is owned by insiders.

NVR Price Performance

Shares of NVR opened at $7,318.93 on Friday. The firm has a fifty day moving average price of $7,538.87 and a 200 day moving average price of $8,509.57. The stock has a market cap of $21.73 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 1-year low of $7,015.00 and a 1-year high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

NVR (NYSE:NVR) last posted its 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 return on equity of 39.67% and a net margin of 16.34%. As a group, sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have issued reports on NVR shares. JPMorgan Chase & Co. decreased their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. UBS Group boosted their target price on 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9,356.67.

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.