IFM Investors Pty Ltd Buys 63 Shares of NVR, Inc. (NYSE:NVR)

IFM Investors Pty Ltd grew its position in NVR, Inc. (NYSE:NVR - Free Report) by 11.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603 shares of the construction company's stock after purchasing an additional 63 shares during the quarter. IFM Investors Pty Ltd's holdings in NVR were worth $4,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of NVR. GAMMA Investing LLC boosted its position in shares of NVR by 838,726.3% in the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after purchasing an additional 159,358 shares during the period. Siemens Fonds Invest GmbH increased its holdings in NVR by 116,808.2% in the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after acquiring an additional 57,236 shares during the last quarter. Norges Bank purchased a new stake in NVR in the 4th quarter worth $295,643,000. JPMorgan Chase & Co. boosted its holdings in shares of NVR by 165.8% during the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock valued at $302,611,000 after purchasing an additional 23,079 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of NVR during the 4th quarter valued at about $118,087,000. 83.67% of the stock is currently owned by institutional investors.

NVR Trading Up 0.0%

Shares of NYSE:NVR traded up $0.46 during trading on Thursday, reaching $7,701.39. The company's stock had a trading volume of 16,102 shares, compared to its average volume of 22,252. The company has a current ratio of 5.37, a quick ratio of 3.02 and a debt-to-equity ratio of 0.23. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The firm's 50 day simple moving average is $7,244.77 and its two-hundred day simple moving average is $7,437.68. The stock has a market capitalization of $22.49 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 4.09 and a beta of 0.99.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. On average, research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback program on Tuesday, May 6th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. UBS Group cut their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $9,023.33.

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.