Caisse Des Depots ET Consignations Purchases Shares of 238 NVR, Inc. (NYSE:NVR)

Caisse Des Depots ET Consignations purchased a new position in shares of NVR, Inc. (NYSE:NVR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 238 shares of the construction company’s stock, valued at approximately $1,947,000.

Other institutional investors also recently modified their holdings of the company. UniSuper Management Pty Ltd increased its holdings in NVR by 22.1% in the fourth quarter. UniSuper Management Pty Ltd now owns 321 shares of the construction company’s stock worth $2,625,000 after purchasing an additional 58 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of NVR by 165.8% during the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company’s stock worth $302,611,000 after buying an additional 23,079 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of NVR by 3.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,858 shares of the construction company’s stock valued at $39,207,000 after acquiring an additional 142 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of NVR in the 4th quarter valued at $736,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of NVR by 12.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,993 shares of the construction company’s stock valued at $24,492,000 after acquiring an additional 323 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Stock Up 0.1 %

Shares of NYSE NVR opened at $7,318.93 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77. The stock has a market capitalization of $21.73 billion, a P/E ratio of 14.42, a P/E/G ratio of 2.39 and a beta of 1.25. The company has a 50-day moving average price of $7,538.87 and a 200-day moving average price of $8,509.57.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping 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%. On average, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. UBS Group raised 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. JPMorgan Chase & Co. cut their price target 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

Insider Activity at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction on 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 sale, the director now owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.00% of the stock is currently owned by insiders.

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.