Nuveen Asset Management LLC Buys 1,564 Shares of NVR, Inc. (NYSE:NVR)

Nuveen Asset Management LLC boosted its position in NVR, Inc. (NYSE:NVR - Free Report) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,554 shares of the construction company's stock after purchasing an additional 1,564 shares during the period. Nuveen Asset Management LLC owned about 1.42% of NVR worth $356,224,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NVR. Peak Financial Advisors LLC purchased a new position in shares of NVR in the fourth quarter worth approximately $1,235,000. OLD Mission Capital LLC purchased a new position in shares of NVR during the 4th quarter worth $1,701,000. Markel Group Inc. grew 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 during the period. Charles Schwab Investment Management Inc. grew its position in shares of NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock valued at $171,266,000 after acquiring an additional 644 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of NVR by 3.0% in the 4th 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 in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in 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 on the stock in a research report on Wednesday, January 29th. UBS Group lowered their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, NVR currently has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Price Performance

Shares of NYSE NVR traded down $3.61 during midday trading on Tuesday, reaching $7,309.92. The stock had a trading volume of 3,991 shares, compared to its average volume of 24,992. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The stock has a 50-day moving average of $7,170.42 and a 200-day moving average of $7,860.67. The company has a market capitalization of $21.37 billion, a price-to-earnings ratio of 14.41, 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 analysts' consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The business had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.35 billion. As a group, research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has initiated a stock repurchase 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 buy up to 3.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

NVR Company 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.