Mitsubishi UFJ Asset Management Co. Ltd. Buys 268 Shares of NVR, Inc. (NYSE:NVR)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,177 shares of the construction company's stock after buying an additional 268 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of NVR worth $22,077,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC purchased a new position in shares of NVR in the 3rd quarter valued at about $352,000. Fifth Third Bancorp grew its holdings in shares of NVR by 26.3% in the 3rd quarter. Fifth Third Bancorp now owns 24 shares of the construction company's stock worth $143,000 after acquiring an additional 5 shares during the period. Verus Capital Partners LLC increased its stake in NVR by 7.9% in the 3rd quarter. Verus Capital Partners LLC now owns 68 shares of the construction company's stock valued at $406,000 after purchasing an additional 5 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in NVR by 9.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 276 shares of the construction company's stock valued at $1,646,000 after purchasing an additional 24 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in NVR by 3.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 621 shares of the construction company's stock valued at $3,703,000 after purchasing an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company's stock, valued at $1,751,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other NVR news, CFO Daniel David Malzahn sold 202 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $7,484.82, for a total transaction of $1,511,933.64. Following the transaction, the chief financial officer now owns 13,859 shares of the company's stock, valued at approximately $103,732,120.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 100 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company's stock, valued at $1,751,450. The disclosure for this sale can be found here. Insiders sold 3,702 shares of company stock valued at $27,985,010 in the last ninety days. Company insiders own 7.00% of the company's stock.

NVR Trading Down 0.4 %

Shares of NVR traded down $33.96 on Friday, hitting $7,669.00. 14,362 shares of the stock traded hands, compared to its average volume of 18,944. The firm has a market capitalization of $24.00 billion, a P/E ratio of 15.98, a P/E/G ratio of 3.25 and a beta of 1.13. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The stock's 50 day moving average is $7,750.24 and its two-hundred day moving average is $7,161.82.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping the consensus estimate of $103.97 by $12.44. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $99.89 earnings per share. As a group, sell-side analysts predict that NVR, Inc. will post 493.93 earnings per share for the current year.

NVR declared that its board has initiated a share buyback program on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com raised NVR from a "hold" rating to a "buy" rating in a research note on Wednesday, April 24th. UBS Group increased their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the company a "neutral" rating in a research report on Wednesday, April 24th.

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.