NVR, Inc. (NYSE:NVR) Shares Bought by Shell Asset Management Co.

Shell Asset Management Co. grew its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 95.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 923 shares of the construction company's stock after purchasing an additional 450 shares during the quarter. Shell Asset Management Co.'s holdings in NVR were worth $7,549,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NVR. EverSource Wealth Advisors LLC grew its stake in NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after purchasing an additional 3 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after buying an additional 3 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in shares of NVR by 60.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock worth $65,000 after purchasing an additional 3 shares during the last quarter. Morse Asset Management Inc grew its position in NVR by 1,200.0% during the 4th quarter. Morse Asset Management Inc now owns 13 shares of the construction company's stock worth $106,000 after purchasing an additional 12 shares during the period. Finally, Cullen Frost Bankers Inc. grew its holdings in NVR by 122.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock worth $164,000 after acquiring an additional 11 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Price Performance

Shares of NVR stock traded down $183.13 during trading on Wednesday, reaching $7,023.65. The company's stock had a trading volume of 8,523 shares, compared to its average volume of 22,055. The business has a 50 day moving average price of $7,171.96 and a 200-day moving average price of $7,856.12. The company has a market capitalization of $20.54 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NVR shares. JPMorgan Chase & Co. reduced their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. UBS Group cut their target price 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $9,023.33.

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.