UniSuper Management Pty Ltd Buys 58 Shares of NVR, Inc. (NYSE:NVR)

UniSuper Management Pty Ltd lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 22.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 321 shares of the construction company’s stock after purchasing an additional 58 shares during the quarter. UniSuper Management Pty Ltd’s holdings in NVR were worth $2,625,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Private Trust Co. NA grew its position in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of NVR during the third quarter worth about $49,000. EverSource Wealth Advisors LLC increased its stake in shares of NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after buying an additional 3 shares during the period. Quantbot Technologies LP acquired a new position in shares of NVR in the third quarter valued at approximately $59,000. Finally, Smartleaf Asset Management LLC raised its holdings in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after buying an additional 3 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NVR. UBS Group upped their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Stock Performance

NYSE:NVR opened at $7,163.11 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. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77. The company has a 50 day simple moving average of $7,514.50 and a two-hundred day simple moving average of $8,491.50. The company has a market capitalization of $21.27 billion, a PE ratio of 14.11, a P/E/G ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

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

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 7.00% of the company’s stock.

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.