AMP Capital Investors Ltd boosted its holdings in shares of NVR, Inc. (NYSE:NVR) by 31.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,888 shares of the construction company’s stock after acquiring an additional 1,170 shares during the quarter. AMP Capital Investors Ltd’s holdings in NVR were worth $17,150,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Cerebellum GP LLC purchased a new position in NVR during the 4th quarter valued at about $133,000. Checchi Capital Advisers LLC purchased a new position in NVR during the 4th quarter valued at about $200,000. Commerce Bank purchased a new position in NVR during the 4th quarter valued at about $207,000. Assetmark Inc. purchased a new position in NVR during the 4th quarter valued at about $210,000. Finally, Greenleaf Trust increased its holdings in NVR by 1,120.0% during the 4th quarter. Greenleaf Trust now owns 61 shares of the construction company’s stock valued at $214,000 after purchasing an additional 56 shares during the period. Institutional investors own 78.64% of the company’s stock.
In other NVR news, Director William Grady Rosier sold 650 shares of the company’s stock in a transaction that occurred 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 owns 1,862 shares in the company, valued at approximately $5,857,665.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eddie Arthur Grier sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $2,968.07, for a total value of $1,187,228.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,097 shares of company stock worth $3,373,063 in the last quarter. Company insiders own 11.30% of the company’s stock.
NVR (NYSE:NVR) last posted its 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). NVR had a return on equity of 38.72% and a net margin of 8.70%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company posted $37.80 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. sell-side analysts expect that NVR, Inc. will post 188.66 earnings per share for the current fiscal year.
NVR declared that its board 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 buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.
NVR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $3,218.00 price target on the stock in a report on Tuesday, February 13th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, UBS Group boosted their price target on NVR from $3,450.00 to $3,750.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $3,064.50.
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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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