Nuveen LLC Purchases New Position in NVR, Inc. (NYSE:NVR)

Nuveen LLC purchased a new stake in NVR, Inc. (NYSE:NVR) in the 1st quarter, HoldingsChannel reports. The fund purchased 46,240 shares of the construction company’s stock, valued at approximately $334,981,000.

Several other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company’s stock valued at $1,154,589,000 after buying an additional 159,358 shares during the last quarter. Siemens Fonds Invest GmbH boosted its position in NVR by 116,808.2% in the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock valued at $468,528,000 after buying an additional 57,236 shares during the last quarter. JPMorgan Chase & Co. boosted its position in NVR by 41.6% in the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock valued at $379,639,000 after buying an additional 15,405 shares during the last quarter. Citadel Advisors LLC purchased a new position in NVR in the 4th quarter valued at about $118,087,000. Finally, Pacer Advisors Inc. boosted its position in NVR by 5,411.1% in the 1st quarter. Pacer Advisors Inc. now owns 14,384 shares of the construction company’s stock valued at $104,203,000 after buying an additional 14,123 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on NVR. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group increased their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8,783.33.

Insiders Place Their Bets

In related news, Director Susan Williamson Ross sold 125 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the sale, the director owned 386 shares in the company, valued at $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.80% of the stock is currently owned by company insiders.

NVR Stock Performance

Shares of NVR stock opened at $7,851.42 on Monday. The stock has a market capitalization of $22.53 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 11.17 and a beta of 0.94. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company’s 50-day simple moving average is $7,479.26 and its 200-day simple moving average is $7,354.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping the consensus estimate of $104.89 by $3.65. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. NVR’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $120.69 earnings per share. Equities analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has authorized a stock repurchase program on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are 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.