Arrowstreet Capital Limited Partnership Boosts Stock Position in NVR, Inc. (NYSE:NVR)

Arrowstreet Capital Limited Partnership increased its stake in shares of NVR, Inc. (NYSE:NVR) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,498 shares of the construction company’s stock after buying an additional 2,124 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.41% of NVR worth $102,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Peak Financial Advisors LLC purchased a new position in shares of NVR during the 4th quarter worth $1,235,000. JPMorgan Chase & Co. raised its stake in NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after purchasing an additional 2,206 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in NVR by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock valued at $171,266,000 after acquiring an additional 644 shares during the last quarter. Markel Group Inc. grew its position in NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock worth $96,626,000 after acquiring an additional 110 shares during the period. Finally, Principal Financial Group Inc. increased its stake in NVR by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after acquiring an additional 1,549 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction on 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 sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NVR. UBS Group raised 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. dropped their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9,356.67.

NVR Price Performance

NVR stock opened at $7,264.03 on Tuesday. The business’s fifty day moving average price is $7,492.14 and its 200 day moving average price is $8,473.83. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month 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 company has a market capitalization of $21.57 billion, a PE ratio of 14.31, a P/E/G ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last issued its quarterly 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 net margin of 16.34% and a return on equity of 39.67%. On average, sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated 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 often a sign that the company’s board believes its stock is undervalued.

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.