Envestnet Asset Management Inc. increased its holdings in shares of NVR, Inc. (NYSE:NVR) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,332 shares of the construction company’s stock after acquiring an additional 50 shares during the quarter. Envestnet Asset Management Inc.’s holdings in NVR were worth $5,073,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of NVR. State Street Corp boosted its stake in shares of NVR by 25.2% during the 3rd quarter. State Street Corp now owns 158,286 shares of the construction company’s stock valued at $588,404,000 after buying an additional 31,826 shares during the period. California Public Employees Retirement System grew its stake in NVR by 257.1% in the 4th quarter. California Public Employees Retirement System now owns 28,551 shares of the construction company’s stock valued at $108,734,000 after buying an additional 20,555 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in NVR by 61.7% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 36,877 shares of the construction company’s stock worth $140,443,000 after acquiring an additional 14,078 shares during the period. Bank of Montreal Can raised its holdings in NVR by 324.5% in the 4th quarter. Bank of Montreal Can now owns 7,981 shares of the construction company’s stock worth $30,396,000 after acquiring an additional 6,101 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in NVR during the 3rd quarter worth $20,428,000. 87.02% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on NVR shares. Wells Fargo & Co upped their price target on shares of NVR from $4,000.00 to $4,300.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Bank of America lowered NVR from a “buy” rating to a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. raised NVR from an “underweight” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, ValuEngine cut NVR from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. NVR presently has a consensus rating of “Buy” and a consensus price target of $3,912.33.
NYSE:NVR opened at $2,922.28 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.62 and a quick ratio of 2.56. NVR, Inc. has a one year low of $2,600.07 and a one year high of $4,071.13. The company has a fifty day moving average price of $3,850.65 and a 200 day moving average price of $3,742.77. The stock has a market cap of $10.75 billion, a P/E ratio of 13.21, a PEG ratio of 1.42 and a beta of 0.57.
NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, January 28th. The construction company reported $64.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $59.00 by $5.41. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. NVR had a net margin of 12.17% and a return on equity of 40.25%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business posted $58.57 EPS. As a group, equities research analysts anticipate that NVR, Inc. will post 228.38 EPS for the current year.
NVR declared that its board has initiated a share buyback plan on Wednesday, February 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to purchase up to 2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
In other news, Director Dwight C. Schar sold 1,883 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $3,832.22, for a total transaction of $7,216,070.26. Following the sale, the director now owns 41,816 shares in the company, valued at $160,248,111.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eugene James Bredow sold 1,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $4,030.00, for a total value of $4,030,000.00. Following the sale, the insider now owns 1,826 shares in the company, valued at approximately $7,358,780. The disclosure for this sale can be found here. In the last three months, insiders sold 7,247 shares of company stock worth $28,086,899. 11.10% of the stock is currently owned by insiders.
NVR Profile
NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.
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