NVR, Inc. (NYSE:NVR) Position Lifted by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH raised its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 116,808.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,285 shares of the construction company's stock after buying an additional 57,236 shares during the quarter. NVR comprises about 18.1% of Siemens Fonds Invest GmbH's portfolio, making the stock its biggest holding. Siemens Fonds Invest GmbH owned approximately 1.92% of NVR worth $468,528,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. OLD Mission Capital LLC purchased a new stake in NVR during the 4th quarter valued at about $1,701,000. Markel Group Inc. grew its position in shares of NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after purchasing an additional 110 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NVR by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock valued at $171,266,000 after purchasing an additional 644 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of NVR by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after purchasing an additional 1,549 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position 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 worth $8,228,000 after buying an additional 312 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports 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 note on Wednesday, April 23rd. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, NVR has a consensus rating of "Hold" and an average target price of $9,023.33.

NVR Trading Up 0.0%

NYSE NVR traded up $1.14 during trading hours on Friday, reaching $7,098.78. The company had a trading volume of 9,348 shares, compared to its average volume of 24,542. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The stock has a market capitalization of $20.76 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The stock has a 50-day moving average of $7,149.81 and a 200 day moving average of $7,759.55. 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 (NYSE:NVR - Get Free Report) last posted its quarterly 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 business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

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.