Motley Fool Asset Management LLC Acquires 3 Shares of NVR, Inc. (NYSE:NVR)

Motley Fool Asset Management LLC raised its holdings in NVR, Inc. (NYSE:NVR) by 7.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45 shares of the construction company’s stock after buying an additional 3 shares during the quarter. Motley Fool Asset Management LLC’s holdings in NVR were worth $368,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cinctive Capital Management LP acquired a new stake in shares of NVR in the fourth quarter worth $810,000. Headlands Technologies LLC bought a new stake in NVR in the 4th quarter valued at $4,294,000. OLD Mission Capital LLC acquired a new stake in NVR in the 4th quarter worth $1,701,000. National Bank of Canada FI increased its holdings in shares of NVR by 37.6% during the 4th quarter. National Bank of Canada FI now owns 2,165 shares of the construction company’s stock worth $17,707,000 after purchasing an additional 592 shares during the period. Finally, HighPoint Advisor Group LLC increased its holdings in shares of NVR by 8.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 108 shares of the construction company’s stock worth $809,000 after purchasing an additional 8 shares during the period. 83.67% of the stock is owned by institutional investors.

NVR Stock Performance

NYSE NVR opened at $7,111.99 on Friday. NVR, Inc. has a twelve month low of $7,015.00 and a twelve month high of $9,964.77. The stock has a market cap of $21.12 billion, a P/E ratio of 14.01, a PEG ratio of 2.39 and a beta of 1.07. The company’s 50-day simple moving average is $7,423.17 and its 200 day simple moving average is $8,441.16. 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 quarterly earnings data 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, research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

Insider Activity at NVR

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred 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 transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 7.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NVR. JPMorgan Chase & Co. decreased their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. UBS Group lifted their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock 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 assigned a buy rating to the company’s stock. According to MarketBeat, NVR has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR 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.