IFM Investors Pty Ltd Raises Stock Position in NVR, Inc. (NYSE:NVR)

IFM Investors Pty Ltd boosted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 11.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 603 shares of the construction company's stock after buying an additional 63 shares during the quarter. IFM Investors Pty Ltd's holdings in NVR were worth $4,368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVR. Brighton Jones LLC lifted its stake in NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock valued at $622,000 after buying an additional 31 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after buying an additional 3 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in NVR by 130.0% in the 4th quarter. Jones Financial Companies Lllp now owns 23 shares of the construction company's stock valued at $188,000 after buying an additional 13 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in NVR in the 4th quarter valued at about $401,000. Finally, Cullen Frost Bankers Inc. raised its holdings in NVR by 122.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock valued at $164,000 after acquiring an additional 11 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Performance

Shares of NYSE:NVR traded down $47.69 on Monday, reaching $7,575.55. The company's stock had a trading volume of 21,589 shares, compared to its average volume of 22,242. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02. The stock's 50-day moving average is $7,214.05 and its two-hundred day moving average is $7,440.00. The stock has a market capitalization of $22.12 billion, a P/E ratio of 15.59, a PEG ratio of 4.15 and a beta of 0.99.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 38.32% and a net margin of 15.33%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. As a group, sell-side analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has authorized a share buyback program 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 programs are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NVR shares. Wall Street Zen downgraded shares of NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. UBS Group cut their price objective on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, NVR currently has an average rating of "Hold" and an average price target of $9,023.33.

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.