Ameriprise Financial Inc. Has $69.23 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Ameriprise Financial Inc. raised its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,464 shares of the construction company's stock after purchasing an additional 733 shares during the period. Ameriprise Financial Inc. owned approximately 0.28% of NVR worth $69,226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVR. Wilmington Savings Fund Society FSB bought a new stake in shares of NVR during the 3rd quarter worth $49,000. Nordea Investment Management AB lifted its holdings in shares of NVR by 8.7% in the fourth quarter. Nordea Investment Management AB now owns 262 shares of the construction company's stock worth $2,158,000 after acquiring an additional 21 shares during the last quarter. Czech National Bank boosted its stake in shares of NVR by 4.8% in the 4th quarter. Czech National Bank now owns 661 shares of the construction company's stock valued at $5,406,000 after purchasing an additional 30 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of NVR during the 4th quarter valued at approximately $1,971,000. Finally, Crestmont Private Wealth LLC increased its position in NVR by 3.9% during the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock worth $433,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Activity at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.00% of the stock is currently owned by company insiders.

NVR Price Performance

NVR stock opened at $7,152.97 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company has a market capitalization of $21.24 billion, a P/E ratio of 14.09, a PEG ratio of 2.39 and a beta of 1.02. The company has a fifty day moving average price of $7,183.79 and a 200-day moving average price of $7,960.23.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. As a group, equities analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has approved a share buyback plan on Tuesday, May 6th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 3.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVR. JPMorgan Chase & Co. lowered their price target on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. UBS Group lowered their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $9,023.33.

NVR 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.

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