American Century Companies Inc. Increases Holdings in NVR, Inc. (NYSE:NVR)

American Century Companies Inc. boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 13.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,494 shares of the construction company’s stock after buying an additional 528 shares during the period. American Century Companies Inc.’s holdings in NVR were worth $36,756,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Peak Financial Advisors LLC acquired a new position in shares of NVR during the 4th quarter valued at about $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. boosted its holdings in NVR by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock valued at $171,266,000 after purchasing an additional 644 shares during the last quarter. Markel Group Inc. grew its stake 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 during the period. Finally, Principal Financial Group Inc. increased its holdings 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 worth $437,882,000 after buying an additional 1,549 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NVR shares. JPMorgan Chase & Co. decreased 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 lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9,356.67.

Insider Buying and Selling

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

NVR Stock Performance

Shares of NVR stock opened at $7,318.93 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The firm has a market cap 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 firm’s 50 day moving average price is $7,538.87 and its 200-day moving average price is $8,509.57. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings results 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%. As a group, equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.