NVR, Inc. (NVR) Position Lifted by Fmr LLC

Fmr LLC boosted its position in NVR, Inc. (NYSE:NVR) by 48.8% during the fourth quarter, Holdings Channel reports. The fund owned 187,402 shares of the construction company’s stock after buying an additional 61,448 shares during the quarter. Fmr LLC owned approximately 0.05% of NVR worth $456,697,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Lindbrook Capital LLC bought a new stake in shares of NVR during the fourth quarter worth $53,000. Captrust Financial Advisors acquired a new position in shares of NVR during the fourth quarter worth $78,000. NEXT Financial Group Inc acquired a new position in shares of NVR during the fourth quarter worth $105,000. Atlantic Trust LLC acquired a new position in shares of NVR during the third quarter worth $124,000. Finally, Cetera Investment Advisers acquired a new position in shares of NVR during the fourth quarter worth $205,000. 79.68% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “buy” rating and set a $3,099.00 price target on the stock in a report on Monday. Buckingham Research assumed coverage on shares of NVR in a report on Friday, January 11th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $2,911.80.

Shares of NYSE:NVR opened at $2,766.99 on Tuesday. The firm has a market cap of $10.01 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.56 and a beta of 0.67. The company has a current ratio of 3.96, a quick ratio of 1.95 and a debt-to-equity ratio of 0.33. NVR, Inc. has a 52 week low of $2,040.71 and a 52 week high of $3,233.00.

NVR (NYSE:NVR) last issued its quarterly earnings results on Friday, January 25th. The construction company reported $58.57 EPS for the quarter, topping analysts’ consensus estimates of $50.67 by $7.90. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.97 billion. NVR had a net margin of 11.38% and a return on equity of 48.57%. NVR’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $40.16 earnings per share. Equities analysts anticipate that NVR, Inc. will post 176.78 earnings per share for the current year.

NVR declared that its board has initiated a stock repurchase plan on Wednesday, December 12th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

In related news, Director Eddie Arthur Grier sold 650 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $2,684.66, for a total value of $1,745,029.00. Following the transaction, the director now owns 825 shares in the company, valued at $2,214,844.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey D. Martchek sold 521 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $2,677.09, for a total transaction of $1,394,763.89. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,211 shares of company stock worth $66,653,412. 11.10% of the stock is owned by company insiders.

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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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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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