ING Groep NV Purchases 579 Shares of NVR, Inc. (NYSE:NVR)

ING Groep NV increased its position in shares of NVR, Inc. (NYSE:NVR) by 41.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,991 shares of the construction company’s stock after buying an additional 579 shares during the period. ING Groep NV’s holdings in NVR were worth $16,284,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Blue Trust Inc. bought a new stake in shares of NVR during the 3rd quarter worth $39,000. Peak Financial Advisors LLC bought a new stake in shares of NVR during the 4th quarter worth $1,235,000. JPMorgan Chase & Co. boosted its holdings in shares of NVR by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after buying an additional 2,206 shares during the period. Intech Investment Management LLC bought a new stake in shares of NVR during the 3rd quarter worth $9,341,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of NVR by 11.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock worth $24,667,000 after buying an additional 250 shares during the period. 83.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NVR shares. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. UBS Group upped their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average price target of $9,356.67.

NVR Trading Up 1.0 %

Shares of NVR stock opened at $7,248.58 on Friday. NVR, Inc. has a 52-week low of $7,073.38 and a 52-week high of $9,964.77. The stock has a market cap of $21.67 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 2.36 and a beta of 1.20. 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 fifty day moving average of $7,989.86 and a 200-day moving average of $8,778.62.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (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%. On average, equities research analysts forecast that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of the 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 completion of the sale, the director now owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. 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.

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.