BNP Paribas Financial Markets boosted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,461 shares of the construction company's stock after purchasing an additional 902 shares during the quarter. BNP Paribas Financial Markets owned about 0.21% of NVR worth $52,844,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of NVR. EverSource Wealth Advisors LLC increased its position in NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after buying an additional 3 shares during the period. Wilmington Savings Fund Society FSB bought a new position in NVR during the third quarter worth about $49,000. Smartleaf Asset Management LLC raised its stake in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares in the last quarter. GAMMA Investing LLC boosted its holdings in NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock valued at $155,000 after purchasing an additional 2 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in shares of NVR by 122.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock worth $164,000 after purchasing an additional 11 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently weighed in on NVR. UBS Group dropped their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $9,023.33.
Read Our Latest Analysis on NVR
NVR Price Performance
NYSE:NVR traded down $74.78 during trading hours on Friday, hitting $7,152.97. The company's stock had a trading volume of 13,164 shares, compared to its average volume of 22,131. 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 debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The stock has a fifty day simple moving average of $7,183.79 and a 200-day simple moving average of $7,950.16.
NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.34% and a return on equity of 39.67%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. On average, analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.
NVR announced that its board has authorized a share buyback plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.
Insider Buying and Selling at NVR
In other NVR news, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company's stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 7.00% of the company's stock.
NVR Company Profile
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Free Report)
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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