Nomura Holdings Inc. purchased a new position in NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 98 shares of the construction company's stock, valued at approximately $802,000.
Other large investors also recently added to or reduced their stakes in the company. OLD Mission Capital LLC purchased a new position in NVR in the 4th quarter worth approximately $1,701,000. Markel Group Inc. increased its stake in NVR by 0.9% in the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock worth $96,626,000 after acquiring an additional 110 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in NVR by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock worth $171,266,000 after acquiring an additional 644 shares during the last quarter. Principal Financial Group Inc. increased its stake in NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock worth $437,882,000 after acquiring an additional 1,549 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in NVR by 45.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,006 shares of the construction company's stock worth $8,228,000 after acquiring an additional 312 shares during the last quarter. 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 research reports. JPMorgan Chase & Co. reduced their price objective 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 reduced their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, NVR presently has an average rating of "Hold" and an average price target of $9,023.33.
Check Out Our Latest Analysis on NVR
NVR Stock Performance
NYSE NVR opened at $7,296.82 on Tuesday. The company has a market cap of $21.34 billion, a P/E ratio of 14.38, a P/E/G ratio of 2.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The business's 50 day moving average price is $7,170.42 and its 200-day moving average price is $7,860.67. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77.
NVR (NYSE:NVR - Get Free Report) last released its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate 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 year.
NVR declared that its board has authorized 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 reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.
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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