Brandywine Global Investment Management LLC Has $33.36 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Brandywine Global Investment Management LLC increased its position in NVR, Inc. (NYSE:NVR) by 62.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,079 shares of the construction company’s stock after buying an additional 1,568 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in NVR were worth $33,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NVR. Proficio Capital Partners LLC bought a new stake in shares of NVR in the 4th quarter valued at about $3,277,825,000. Vanguard Group Inc. raised its position in shares of NVR by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock worth $2,800,946,000 after acquiring an additional 1,147 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of NVR by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after acquiring an additional 1,549 shares during the period. Boston Partners boosted its holdings in NVR by 3.2% in the fourth quarter. Boston Partners now owns 51,844 shares of the construction company’s stock valued at $424,066,000 after acquiring an additional 1,605 shares during the last quarter. Finally, Jennison Associates LLC increased its position in 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 purchasing an additional 2,027 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Stock Down 2.1 %

Shares of NYSE NVR opened at $7,163.11 on Monday. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The firm has a market cap of $21.27 billion, a PE ratio of 14.11, a P/E/G ratio of 2.39 and a beta of 1.25. The company’s fifty day simple moving average is $7,514.50 and its 200 day simple moving average is $8,487.31. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating analysts’ consensus estimates 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 forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently commented on NVR. JPMorgan Chase & Co. reduced their price objective 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 upped their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9,356.67.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business’s 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 completion of the sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company’s stock.

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.