Ensign Peak Advisors Inc Raises Stake in NVR, Inc. (NYSE:NVR)

Ensign Peak Advisors Inc boosted its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 25.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,421 shares of the construction company's stock after buying an additional 290 shares during the quarter. Ensign Peak Advisors Inc's holdings in NVR were worth $11,622,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Lakewood Asset Management LLC increased its stake in shares of NVR by 0.5% in the fourth quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company's stock worth $3,206,000 after acquiring an additional 2 shares during the period. Crestmont Private Wealth LLC boosted its holdings in NVR by 3.9% in the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock valued at $433,000 after purchasing an additional 2 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in NVR by 5.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company's stock valued at $294,000 after purchasing an additional 2 shares during the last quarter. Empirical Finance LLC grew its position in NVR by 2.0% during the 4th quarter. Empirical Finance LLC now owns 103 shares of the construction company's stock worth $842,000 after purchasing an additional 2 shares during the period. Finally, Bleakley Financial Group LLC grew its position in NVR by 7.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28 shares of the construction company's stock worth $229,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVR has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. UBS Group decreased their price target 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $9,023.33.

NVR Price Performance

Shares of NVR stock opened at $7,392.92 on Tuesday. The firm has a market cap of $21.62 billion, a PE ratio of 14.57, a P/E/G ratio of 2.39 and a beta of 1.02. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $7,183.58 and a 200 day moving average price of $7,926.08.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The business had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. Sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has initiated a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

About NVR

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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