ProShare Advisors LLC Buys 238 Shares of NVR, Inc. (NYSE:NVR)

ProShare Advisors LLC lifted its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 62.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 621 shares of the construction company's stock after purchasing an additional 238 shares during the quarter. ProShare Advisors LLC's holdings in NVR were worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. OLD Mission Capital LLC acquired a new stake in NVR during the fourth quarter worth $1,701,000. Markel Group Inc. boosted its position in shares of NVR by 0.9% during the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after acquiring an additional 110 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in NVR by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock worth $171,266,000 after purchasing an additional 644 shares in the last quarter. Principal Financial Group Inc. lifted its stake in 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 purchasing an additional 1,549 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 valued at $8,228,000 after purchasing an additional 312 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Price Performance

Shares of NYSE:NVR traded down $21.03 during trading on Thursday, reaching $7,057.06. The stock had a trading volume of 14,060 shares, compared to its average volume of 22,108. The stock has a market capitalization of $20.63 billion, a PE ratio of 13.90, a P/E/G ratio of 2.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The business's 50-day moving average price is $7,168.69 and its 200 day moving average price is $7,850.66.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing the consensus estimate 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 16.34% and a return on equity of 39.67%. As a group, equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently commented on NVR shares. UBS Group cut their target price 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. JPMorgan Chase & Co. reduced their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.