Boston Partners Has $424.07 Million Stock Position in NVR, Inc. (NYSE:NVR)

Boston Partners boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,844 shares of the construction company’s stock after acquiring an additional 1,605 shares during the quarter. Boston Partners owned approximately 1.69% of NVR worth $424,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its position in NVR by 6.9% during the 3rd quarter. CIBC Asset Management Inc now owns 465 shares of the construction company’s stock valued at $4,562,000 after purchasing an additional 30 shares during the period. Atlanta Consulting Group Advisors LLC bought a new stake in shares of NVR during the third quarter worth approximately $304,000. Drive Wealth Management LLC lifted its holdings in NVR by 10.7% in the third quarter. Drive Wealth Management LLC now owns 31 shares of the construction company’s stock valued at $304,000 after buying an additional 3 shares during the period. Smead Capital Management Inc. lifted its holdings in NVR by 3.5% in the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock valued at $355,365,000 after buying an additional 1,223 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new position in NVR in the third quarter valued at approximately $1,717,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

Shares of NYSE NVR opened at $7,208.82 on Tuesday. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77. The stock has a market capitalization of $21.55 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The business has a 50-day moving average of $7,662.17 and a 200-day moving average of $8,604.41.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the 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 completion of the transaction, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target 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 raised their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average target price of $9,356.67.

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.