Victory Capital Management Inc. Increases Stock Position in NVR, Inc. (NYSE:NVR)

Victory Capital Management Inc. raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 30.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,266 shares of the construction company’s stock after purchasing an additional 988 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of NVR worth $29,864,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NVR. International Assets Investment Management LLC lifted its holdings in shares of NVR by 626,255.3% during the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after purchasing an additional 237,977 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in NVR during the 3rd quarter valued at about $62,370,000. Vanguard Group Inc. boosted its holdings in shares of NVR by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock valued at $2,137,259,000 after acquiring an additional 7,516 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of NVR by 25.0% in the fourth quarter. Pacer Advisors Inc. now owns 27,719 shares of the construction company’s stock worth $194,045,000 after acquiring an additional 5,549 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of NVR by 11.2% during the third quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock valued at $264,287,000 after purchasing an additional 4,468 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Price Performance

Shares of NYSE:NVR opened at $7,754.42 on Wednesday. The company has a market capitalization of $24.58 billion, a P/E ratio of 16.16, a P/E/G ratio of 3.20 and a beta of 1.13. NVR, Inc. has a 1-year low of $5,210.49 and a 1-year high of $8,211.40. The firm’s 50 day simple moving average is $7,750.82 and its two-hundred day simple moving average is $7,076.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.97.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, beating the consensus estimate of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period last year, the firm earned $99.89 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Research analysts expect that NVR, Inc. will post 487.53 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 14th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NVR shares. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. UBS Group lifted their price objective on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th.

Insider Transactions at NVR

In related news, Director Susan Williamson Ross sold 250 shares of NVR stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the sale, the director now owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVR news, Chairman Paul C. Saville sold 1,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $7,510.05, for a total transaction of $11,265,075.00. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at approximately $802,523,943. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Williamson Ross sold 250 shares of NVR stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the completion of the sale, the director now directly owns 405 shares in the company, valued at $2,974,700.70. The disclosure for this sale can be found here. Insiders sold a total of 5,781 shares of company stock valued at $43,282,357 over the last 90 days. Company insiders own 7.00% of the company’s stock.

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.