Korea Investment CORP grew its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 34.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,149 shares of the construction company's stock after purchasing an additional 814 shares during the period. Korea Investment CORP owned about 0.11% of NVR worth $22,813,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after buying an additional 159,358 shares during the last quarter. Boston Partners boosted its stake in shares of NVR by 14.0% in the 1st quarter. Boston Partners now owns 59,077 shares of the construction company's stock worth $427,962,000 after buying an additional 7,233 shares during the last quarter. Siemens Fonds Invest GmbH boosted its stake in shares of NVR by 116,808.2% in the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after buying an additional 57,236 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of NVR by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock worth $408,236,000 after buying an additional 2,814 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of NVR by 41.6% in the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after buying an additional 15,405 shares during the last quarter. 83.67% of the stock is owned by institutional investors.
NVR Stock Performance
NVR stock traded up $269.9250 during trading on Friday, hitting $8,223.8250. The stock had a trading volume of 17,357 shares, compared to its average volume of 15,754. NVR, Inc. has a 1 year low of $6,562.85 and a 1 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. The stock's 50 day moving average is $7,660.46 and its two-hundred day moving average is $7,366.53. The stock has a market cap of $23.60 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 11.42 and a beta of 0.94.
NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating the consensus estimate of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%.The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the business earned $120.69 earnings per share. NVR's revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts predict that NVR, Inc. will post 505.2 EPS for the current year.
NVR announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Insiders Place Their Bets
In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction 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 sale, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. The trade was a 74.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan Williamson Ross sold 125 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the sale, the director directly owned 386 shares in the company, valued at $3,030,208.08. The trade was a 24.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company's stock.
Analysts Set New Price Targets
NVR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. UBS Group boosted their target price on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, NVR has an average rating of "Hold" and a consensus price target of $8,783.33.
Check Out Our Latest Stock Report on NVR
About NVR
(
Free Report)
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.
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