Pacer Advisors Inc. Has $104.20 Million Stake in NVR, Inc. (NYSE:NVR)

Key Points

• Pacer Advisors Inc. increased its holdings in NVR, Inc. by 5,411.1%, acquiring an additional 14,123 shares in the first quarter, now owning approximately 0.48% of the company worth around $104.2 million.
• Wall Street analysts have mixed opinions on NVR, with target prices ranging from $7,600 to $8,150, while the average rating remains at "Hold".
• NVR announced a $750 million stock buyback program, reflecting management's belief that the company's shares are currently undervalued.

Pacer Advisors Inc. boosted its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 5,411.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,384 shares of the construction company's stock after purchasing an additional 14,123 shares during the period. Pacer Advisors Inc. owned 0.48% of NVR worth $104,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in NVR by 838,726.3% during the 1st 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 in the last quarter. Capital Research Global Investors grew its position in NVR by 11.7% during the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock worth $880,099,000 after purchasing an additional 11,274 shares in the last quarter. Siemens Fonds Invest GmbH grew its position in NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after purchasing an additional 57,236 shares in the last quarter. Principal Financial Group Inc. grew its position in NVR by 5.3% during the 1st quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock worth $408,236,000 after purchasing an additional 2,814 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in NVR by 3.7% during the 4th quarter. Nuveen Asset Management LLC now owns 43,554 shares of the construction company's stock worth $356,224,000 after purchasing an additional 1,564 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Up 0.0%

Shares of NVR stock traded up $2.49 on Friday, hitting $7,791.88. 12,659 shares of the company traded hands, compared to its average volume of 19,937. The company has a 50-day moving average price of $7,343.78 and a 200 day moving average price of $7,389.45. The company has a quick ratio of 3.02, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a market cap of $22.75 billion, a PE ratio of 16.45, a PEG ratio of 8.75 and a beta of 0.99.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results 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 net margin of 14.68% and a return on equity of 37.35%. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the previous year, the company posted $120.69 EPS. NVR's revenue was down .5% on a year-over-year basis. Sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has initiated a stock repurchase plan on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NVR shares. JPMorgan Chase & Co. lifted their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday. UBS Group boosted their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Wall Street Zen cut shares of NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $8,783.33.

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.