Corient Private Wealth LLC Has $73.51 Million Holdings in NVR, Inc. (NYSE:NVR)

Corient Private Wealth LLC increased its stake in shares of NVR, Inc. (NYSE:NVR) by 2,599.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,988 shares of the construction company’s stock after acquiring an additional 8,655 shares during the period. Corient Private Wealth LLC’s holdings in NVR were worth $73,512,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Hughes Financial Services LLC acquired a new position in NVR during the fourth quarter valued at approximately $229,000. Achmea Investment Management B.V. grew its stake in NVR by 67.5% in the 4th quarter. Achmea Investment Management B.V. now owns 1,977 shares of the construction company’s stock valued at $16,169,000 after buying an additional 797 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in NVR by 45.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,006 shares of the construction company’s stock worth $8,228,000 after acquiring an additional 312 shares during the period. EverSource Wealth Advisors LLC lifted its position in NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after acquiring an additional 3 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in NVR by 4.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company’s stock valued at $384,000 after acquiring an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors.

NVR Trading Up 1.4 %

Shares of NVR opened at $7,228.03 on Monday. The stock’s 50-day moving average price is $7,677.46 and its 200 day moving average price is $8,617.35. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. UBS Group boosted their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9,356.67.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.00% of the company’s stock.

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.