Voloridge Investment Management LLC increased its stake in NVR, Inc. (NYSE:NVR - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,595 shares of the construction company's stock after acquiring an additional 549 shares during the quarter. Voloridge Investment Management LLC owned about 0.38% of NVR worth $94,834,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new position in shares of NVR in the fourth quarter worth approximately $3,277,825,000. Vanguard Group Inc. lifted its stake in shares of NVR by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company's stock worth $2,800,946,000 after acquiring an additional 1,147 shares during the period. Capital Research Global Investors lifted its stake in shares of NVR by 11.7% in the fourth quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock worth $880,099,000 after acquiring an additional 11,274 shares during the period. Siemens Fonds Invest GmbH lifted its stake in shares of NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after acquiring an additional 57,236 shares during the period. Finally, Principal Financial Group Inc. lifted its stake 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 worth $437,882,000 after acquiring an additional 1,549 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.
NVR Price Performance
Shares of NVR opened at $7,296.82 on Tuesday. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The business's 50 day moving average price is $7,170.42 and its two-hundred day moving average price is $7,860.67. The firm has a market cap of $21.34 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.
NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results 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). NVR had a net margin of 16.34% and a return on equity of 39.67%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. On average, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.
NVR declared that its Board of Directors has initiated a stock buyback plan on Tuesday, May 6th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.
Analysts Set New Price Targets
A number of equities analysts recently commented on NVR shares. UBS Group cut their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price objective on 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, NVR has a consensus rating of "Hold" and an average price target of $9,023.33.
Check Out Our Latest Stock Report on NVR
About NVR
(
Free Report)
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.
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