NVR, Inc. (NYSE:NVR) Shares Acquired by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. lifted its position in NVR, Inc. (NYSE:NVR - Free Report) by 26.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,584 shares of the construction company's stock after purchasing an additional 8,767 shares during the quarter. NVR comprises about 1.4% of Diamond Hill Capital Management Inc.'s holdings, making the stock its 28th biggest holding. Diamond Hill Capital Management Inc. owned approximately 1.40% of NVR worth $301,251,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock valued at $622,000 after purchasing an additional 31 shares during the period. American Century Companies Inc. raised its position in NVR by 13.3% in the fourth quarter. American Century Companies Inc. now owns 4,494 shares of the construction company's stock valued at $36,756,000 after purchasing an additional 528 shares during the period. Vanguard Group Inc. raised its position in NVR by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company's stock valued at $2,800,946,000 after purchasing an additional 1,147 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in NVR by 14.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 105 shares of the construction company's stock valued at $859,000 after purchasing an additional 13 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in NVR by 12.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,993 shares of the construction company's stock valued at $24,492,000 after purchasing an additional 323 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

Shares of NYSE:NVR traded up $2.49 on Friday, reaching $7,791.88. 12,659 shares of the company were exchanged, compared to its average volume of 19,937. The company has a 50-day moving average of $7,343.78 and a 200-day moving average of $7,393.56. The company has a current ratio of 5.79, a quick ratio of 3.02 and a debt-to-equity ratio of 0.24. The firm has a market cap of $22.75 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 8.75 and a beta of 0.99. 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 issued its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping the consensus estimate of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the business posted $120.69 earnings per share. The firm's revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has approved a share 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 stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have commented on NVR. Wall Street Zen downgraded NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. UBS Group lifted their price objective on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

NVR Company 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.