Amundi Grows Stock Holdings in NVR, Inc. (NYSE:NVR)

Amundi grew its stake in shares of NVR, Inc. (NYSE:NVR) by 82.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,131 shares of the construction company’s stock after buying an additional 4,139 shares during the period. Amundi owned 0.30% of NVR worth $73,102,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of NVR during the 4th quarter valued at $3,277,825,000. Jennison Associates LLC acquired a new position in shares of NVR during the 3rd quarter valued at $348,545,000. Mizuho Securities USA LLC lifted its holdings in shares of NVR by 6,454.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after acquiring an additional 16,266 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of NVR during the 4th quarter valued at $37,942,000. Finally, KBC Group NV lifted its holdings in NVR by 299.9% in the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock worth $55,162,000 after buying an additional 4,216 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on NVR. UBS Group boosted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped 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 report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, NVR has an average rating of “Hold” and a consensus price target of $9,356.67.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.00% of the stock is owned by company insiders.

NVR Trading Down 1.9 %

Shares of NYSE:NVR opened at $7,357.48 on Wednesday. The company has a 50 day moving average of $7,728.13 and a 200-day moving average of $8,656.46. The firm has a market cap of $22.00 billion, a P/E ratio of 14.50, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a twelve month low of $7,015.00 and a twelve month high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping 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%. As a group, analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors 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.