Lansforsakringar Fondforvaltning AB publ Buys Shares of 987 NVR, Inc. (NYSE:NVR)

Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 987 shares of the construction company's stock, valued at approximately $8,073,000.

Other large investors have also modified their holdings of the company. OLD Mission Capital LLC purchased a new stake in shares of NVR during the fourth quarter worth $1,701,000. Markel Group Inc. increased its position in shares of NVR by 0.9% during the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock worth $96,626,000 after acquiring an additional 110 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of NVR by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock worth $171,266,000 after acquiring an additional 644 shares during the period. Principal Financial Group Inc. increased its position in shares of NVR by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock worth $437,882,000 after acquiring an additional 1,549 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of NVR by 45.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,006 shares of the construction company's stock worth $8,228,000 after acquiring an additional 312 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Up 0.1%

NYSE:NVR traded up $7.86 during trading hours on Friday, hitting $7,105.50. The company's stock had a trading volume of 35,620 shares, compared to its average volume of 22,198. The stock has a market capitalization of $20.78 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The stock has a fifty day moving average of $7,145.84 and a 200-day moving average of $7,745.70. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. On average, equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of recent research reports. UBS Group cut their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $9,023.33.

About NVR

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.