Royal Bank of Canada Buys 4,037 Shares of NVR, Inc. (NYSE:NVR)

Royal Bank of Canada raised its position in NVR, Inc. (NYSE:NVR - Free Report) by 32.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,473 shares of the construction company's stock after purchasing an additional 4,037 shares during the period. Royal Bank of Canada owned approximately 0.54% of NVR worth $134,731,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of NVR in the 4th quarter valued at $3,277,825,000. Norges Bank bought a new position in NVR during the fourth quarter worth about $295,643,000. JPMorgan Chase & Co. grew its stake in NVR by 165.8% in the fourth quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock valued at $302,611,000 after acquiring an additional 23,079 shares during the period. Citadel Advisors LLC bought a new stake in shares of NVR in the fourth quarter worth about $118,087,000. Finally, Capital Research Global Investors raised its position in shares of NVR by 11.7% during the fourth 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 during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. UBS Group reduced their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $9,023.33.

NVR Stock Down 0.3%

Shares of NVR stock 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 company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $20.63 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 2.39 and a beta of 1.02. The stock has a fifty day moving average price of $7,168.69 and a two-hundred day moving average price of $7,850.66. 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 released its earnings results 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 net margin of 16.34% and a return on equity of 39.67%. Sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has authorized a share 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 usually an indication that the company's management 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.