Arrowstreet Capital Limited Partnership Grows Stock Holdings in NVR, Inc. (NYSE:NVR)

Arrowstreet Capital Limited Partnership increased its position in shares of NVR, Inc. (NYSE:NVR) by 20.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,498 shares of the construction company’s stock after purchasing an additional 2,124 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in NVR were worth $102,220,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Peak Financial Advisors LLC acquired a new position in shares of NVR during the 4th quarter worth about $1,235,000. JPMorgan Chase & Co. increased its stake in NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after purchasing an additional 2,206 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock worth $171,266,000 after buying an additional 644 shares during the last quarter. Markel Group Inc. boosted its holdings in shares of NVR by 0.9% in the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock valued at $96,626,000 after buying an additional 110 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after buying an additional 1,549 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on NVR. JPMorgan Chase & Co. decreased their price objective on shares of 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 lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, NVR currently has an average rating of “Hold” and a consensus target price of $9,356.67.

NVR Trading Up 1.1 %

Shares of NVR stock opened at $7,264.03 on Tuesday. The firm has a market cap of $21.57 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The company’s 50-day simple moving average is $7,492.14 and its 200-day simple moving average is $8,473.83. 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 (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping 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, equities research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling 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 in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.00% of the stock is owned by corporate insiders.

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.