NVR, Inc. (NYSE:NVR) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in NVR, Inc. (NYSE:NVR) by 2,599.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,988 shares of the construction company’s stock after acquiring an additional 8,655 shares during the quarter. Corient Private Wealth LLC owned 0.29% of NVR worth $73,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in NVR during the fourth quarter valued at approximately $3,277,825,000. Principal Financial Group Inc. lifted its position in shares of NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after acquiring an additional 1,549 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of NVR by 5.7% in the 4th quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock worth $307,118,000 after acquiring an additional 2,027 shares during the last quarter. Smead Capital Management Inc. raised its position in shares of NVR by 3.5% during the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock worth $355,365,000 after purchasing an additional 1,223 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NVR by 8.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company’s stock valued at $267,686,000 after purchasing an additional 2,045 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 7.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVR has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. UBS Group boosted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Four equities research 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, NVR currently has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR Trading Up 1.4 %

Shares of NYSE NVR opened at $7,228.03 on Monday. The firm has a market capitalization of $21.61 billion, a PE ratio of 14.24, a PEG ratio of 2.39 and a beta of 1.25. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $7,677.46 and a two-hundred day moving average price of $8,617.35.

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

NVR announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.