NVR, Inc. $NVR Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

Key Points

• BNP PARIBAS ASSET MANAGEMENT increased its stake in NVR, Inc. by 18.0%, now owning 10,659 shares worth approximately $77.2 million as of the latest SEC filing.
• Other institutional investors, including GAMMA Investing LLC and Siemens Fonds Invest GmbH, significantly raised their holdings, showcasing a strong institutional interest in NVR.
• Analysts have varying sentiments, with UBS raising the price target to $8,150 and a consensus rating of "Hold" for NVR, reflecting cautious optimism amid a challenging housing market.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 18.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,659 shares of the construction company's stock after purchasing an additional 1,623 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.36% of NVR worth $77,217,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NVR. Brighton Jones LLC raised its stake in NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock worth $622,000 after purchasing an additional 31 shares during the period. Jump Financial LLC raised its stake in NVR by 39.1% during the fourth quarter. Jump Financial LLC now owns 64 shares of the construction company's stock worth $523,000 after purchasing an additional 18 shares during the period. Canada Pension Plan Investment Board raised its stake in NVR by 62.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,596 shares of the construction company's stock worth $29,411,000 after purchasing an additional 1,389 shares during the period. Commerce Bank raised its stake in NVR by 2.3% during the fourth quarter. Commerce Bank now owns 264 shares of the construction company's stock worth $2,159,000 after purchasing an additional 6 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of NVR by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 29,989 shares of the construction company's stock valued at $245,279,000 after acquiring an additional 1,801 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Up 3.4%

Shares of NVR stock traded up $269.9250 during trading on Friday, reaching $8,223.8250. The company's stock had a trading volume of 17,357 shares, compared to its average volume of 22,887. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The company has a market capitalization of $23.60 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 11.17 and a beta of 0.94. The stock's 50-day moving average price is $7,640.31 and its 200 day moving average price is $7,366.35. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $120.69 earnings per share. On average, research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has approved a stock repurchase program on Tuesday, May 6th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the transaction, the director owned 386 shares in the company, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company's stock.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, UBS Group lifted their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, NVR presently has an average rating of "Hold" and an average price target of $8,783.33.

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.