Principal Financial Group Inc. Lowers Holdings in NVR, Inc. (NYSE:NVR)

Principal Financial Group Inc. trimmed its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,260 shares of the construction company's stock after selling 376 shares during the period. Principal Financial Group Inc. owned approximately 1.64% of NVR worth $365,844,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of NVR. Vanguard Group Inc. lifted its position in shares of NVR by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company's stock valued at $2,137,259,000 after acquiring an additional 7,516 shares during the period. International Assets Investment Management LLC increased its stake in NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company's stock valued at $1,666,212,000 after purchasing an additional 237,977 shares in the last quarter. Invesco Ltd. raised its holdings in shares of NVR by 11.2% during the third quarter. Invesco Ltd. now owns 44,319 shares of the construction company's stock valued at $264,287,000 after purchasing an additional 4,468 shares during the period. Smead Capital Management Inc. raised its holdings in shares of NVR by 0.7% during the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company's stock valued at $276,385,000 after purchasing an additional 277 shares during the period. Finally, Northern Trust Corp boosted its position in shares of NVR by 11.4% during the 3rd quarter. Northern Trust Corp now owns 38,518 shares of the construction company's stock worth $229,694,000 after purchasing an additional 3,943 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Stock Down 0.2 %

Shares of NVR stock traded down $15.51 during trading hours on Friday, reaching $7,655.39. The company's stock had a trading volume of 19,817 shares, compared to its average volume of 19,811. The company has a market capitalization of $23.96 billion, a P/E ratio of 15.96, a P/E/G ratio of 3.22 and a beta of 1.13. The stock's fifty day simple moving average is $7,750.30 and its two-hundred day simple moving average is $7,123.10. NVR, Inc. has a one year low of $5,210.49 and a one year high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping analysts' consensus estimates of $103.97 by $12.44. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $99.89 EPS. On average, research analysts forecast that NVR, Inc. will post 487.53 earnings per share for the current year.

NVR announced that its Board of Directors has approved a share buyback program on Wednesday, February 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the transaction, the chief accounting officer now owns 230 shares of the company's stock, valued at $1,771,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other NVR news, Chairman Paul C. Saville sold 1,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $7,510.05, for a total value of $11,265,075.00. Following the completion of the sale, the chairman now owns 106,860 shares in the company, valued at approximately $802,523,943. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,771,000. The disclosure for this sale can be found here. Insiders have sold 6,102 shares of company stock worth $45,973,850 over the last 90 days. 7.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NVR has been the subject of a number of research analyst reports. StockNews.com raised NVR from a "hold" rating to a "buy" rating in a research report on Wednesday, April 24th. UBS Group raised their price objective on NVR from $7,600.00 to $8,175.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th.

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.