NVR, Inc. (NYSE:NVR) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 12.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 248 shares of the construction company’s stock after acquiring an additional 28 shares during the quarter. Plato Investment Management Ltd’s holdings in NVR were worth $2,036,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Rakuten Securities Inc. bought a new stake in shares of NVR in the 3rd quarter worth $39,000. Private Trust Co. NA raised its stake in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of NVR in the 3rd quarter worth $49,000. Smartleaf Asset Management LLC raised its stake in shares of NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after buying an additional 3 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of NVR in the 3rd quarter worth $59,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 0.9 %

Shares of NVR stock opened at $7,179.78 on Tuesday. The stock’s fifty day moving average is $7,827.04 and its 200-day moving average is $8,720.85. The firm has a market capitalization of $21.47 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (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%. Equities analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. JPMorgan Chase & Co. dropped their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group boosted their target price on NVR from $8,750.00 to $8,900.00 and gave the stock 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. According to data from MarketBeat.com, NVR presently has an average rating of “Hold” and an average target price of $9,356.67.

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.