Commerce Bank bought a new position in shares of NVR, Inc. (NYSE:NVR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 59 shares of the construction company’s stock, valued at approximately $207,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in NVR by 4.5% during the 4th quarter. BlackRock Inc. now owns 398,368 shares of the construction company’s stock worth $1,397,562,000 after acquiring an additional 17,136 shares during the period. Acadian Asset Management LLC grew its holdings in NVR by 47.4% during the 4th quarter. Acadian Asset Management LLC now owns 48,238 shares of the construction company’s stock worth $169,231,000 after acquiring an additional 15,512 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in NVR by 2.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 43,462 shares of the construction company’s stock worth $124,087,000 after acquiring an additional 1,028 shares during the period. Old Mutual Global Investors UK Ltd. grew its holdings in NVR by 1.9% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 36,855 shares of the construction company’s stock worth $129,295,000 after acquiring an additional 695 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in NVR by 304.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 35,125 shares of the construction company’s stock worth $123,226,000 after acquiring an additional 26,437 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.
NVR has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of NVR from $3,450.00 to $3,750.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $3,064.50.
In other news, Director Eddie Arthur Grier sold 400 shares of NVR stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $2,968.07, for a total transaction of $1,187,228.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William Grady Rosier sold 650 shares of NVR stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $3,145.90, for a total transaction of $2,044,835.00. Following the transaction, the director now directly owns 1,862 shares in the company, valued at $5,857,665.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,097 shares of company stock worth $3,373,063. Insiders own 11.30% of the company’s stock.
NVR, Inc. (NYSE NVR) opened at $2,959.97 on Wednesday. The firm has a market cap of $10,649.15, a price-to-earnings ratio of 20.40, a PEG ratio of 1.01 and a beta of 0.65. NVR, Inc. has a 52-week low of $1,965.53 and a 52-week high of $3,700.00. The company has a current ratio of 3.62, a quick ratio of 1.67 and a debt-to-equity ratio of 0.37.
NVR (NYSE:NVR) last announced its quarterly earnings results on Thursday, January 25th. The construction company reported $43.41 earnings per share for the quarter, missing analysts’ consensus estimates of $48.95 by ($5.54). The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $2.01 billion. NVR had a return on equity of 38.72% and a net margin of 8.70%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $37.80 earnings per share. research analysts anticipate that NVR, Inc. will post 188.66 EPS for the current year.
NVR declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 12th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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