Principal Financial Group Inc. Grows Position in NVR, Inc. (NYSE:NVR)

Principal Financial Group Inc. grew its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,352 shares of the construction company's stock after purchasing an additional 2,814 shares during the period. Principal Financial Group Inc. owned about 1.90% of NVR worth $408,236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NVR. JDM Financial Group LLC bought a new stake in shares of NVR in the 4th quarter worth $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after purchasing an additional 3 shares in the last quarter. CX Institutional bought a new stake in shares of NVR in the 1st quarter worth $43,000. Franchise Capital Ltd bought a new stake in shares of NVR in the 1st quarter worth $51,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. 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 report on Wednesday, April 23rd. Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $9,023.33.

NVR Stock Performance

Shares of NVR traded down $145.27 during trading hours on Friday, hitting $7,623.24. The stock had a trading volume of 17,832 shares, compared to its average volume of 22,244. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The firm has a market capitalization of $22.26 billion, a PE ratio of 15.69, a PEG ratio of 4.15 and a beta of 0.99. The stock has a fifty day moving average price of $7,214.05 and a 200 day moving average price of $7,440.00.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing the consensus estimate of $107.87 by ($13.04). The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. NVR had a return on equity of 38.32% and a net margin of 15.33%. Analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has authorized a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its shares are undervalued.

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.