Deutsche Bank AG grew its position in NVR, Inc. (NYSE:NVR) by 108.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,413 shares of the construction company’s stock after buying an additional 11,154 shares during the quarter. Deutsche Bank AG owned 0.58% of NVR worth $75,119,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Brandywine Global Investment Management LLC increased its position in shares of NVR by 1.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 3,345 shares of the construction company’s stock valued at $11,735,000 after buying an additional 60 shares in the last quarter. Jefferies Group LLC purchased a new position in shares of NVR in the fourth quarter valued at $1,456,000. Caxton Associates LP increased its position in shares of NVR by 51.0% in the fourth quarter. Caxton Associates LP now owns 317 shares of the construction company’s stock valued at $1,112,000 after buying an additional 107 shares in the last quarter. Advisor Group Inc. increased its position in shares of NVR by 65.9% in the fourth quarter. Advisor Group Inc. now owns 136 shares of the construction company’s stock valued at $478,000 after buying an additional 54 shares in the last quarter. Finally, Granite Springs Asset Management LLC purchased a new position in shares of NVR in the fourth quarter valued at $420,000. Institutional investors and hedge funds own 79.76% of the company’s stock.
Shares of NVR, Inc. (NVR) opened at $3,090.00 on Tuesday. The company has a market capitalization of $11,380.00, a PE ratio of 21.87, a P/E/G ratio of 1.06 and a beta of 0.64. NVR, Inc. has a 52-week low of $1,990.00 and a 52-week high of $3,700.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.67 and a current ratio of 3.62.
NVR announced that its board has approved a stock repurchase plan on Tuesday, December 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts have recently weighed in on the company. UBS Group raised their price target on NVR from $3,450.00 to $3,750.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $3,218.00 price target for the company in a research report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $3,064.50.
In related news, Director Melquiades R. Martinez sold 47 shares of NVR stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $3,000.00, for a total transaction of $141,000.00. Following the completion of the sale, the director now owns 178 shares in the company, valued at approximately $534,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William Grady Rosier sold 650 shares of NVR stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $3,145.90, for a total value of $2,044,835.00. Following the sale, the director now owns 1,862 shares of the company’s stock, valued at approximately $5,857,665.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,097 shares of company stock valued at $3,373,063. 11.30% of the stock is currently owned by company insiders.
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NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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