Charles Schwab Investment Management Inc. Grows Stock Position in NVR, Inc. (NYSE:NVR)

Charles Schwab Investment Management Inc. boosted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,475 shares of the construction company's stock after acquiring an additional 535 shares during the period. Charles Schwab Investment Management Inc. owned 0.72% of NVR worth $155,573,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in NVR. JDM Financial Group LLC purchased a new stake in NVR during the fourth quarter valued at about $25,000. Olde Wealth Management LLC purchased a new stake in NVR in the first quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in NVR in the first quarter valued at approximately $36,000. Ridgewood Investments LLC grew its position in NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after acquiring an additional 3 shares during the last quarter. Finally, CX Institutional bought a new position in NVR during the first quarter valued at approximately $43,000. Institutional investors own 83.67% of the company's stock.

Insider Activity at NVR

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

Wall Street Analysts Forecast Growth

NVR has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, UBS Group raised their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Four equities research 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 company currently has a consensus rating of "Hold" and an average price target of $8,783.33.

NVR Stock Performance

Shares of NVR stock traded up $8.00 during trading hours on Friday, reaching $8,206.55. 3,172 shares of the stock traded hands, compared to its average volume of 22,960. The company has a 50 day moving average price of $7,554.62 and a 200 day moving average price of $7,361.57. The firm has a market capitalization of $23.55 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 11.87 and a beta of 0.94. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

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 (EPS) for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%. The firm's revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $120.69 EPS. On average, equities research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has authorized a share repurchase 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 buy up to 3.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

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.