NVR, Inc. (NYSE:NVR) Shares Purchased by AIA Group Ltd

AIA Group Ltd boosted its holdings in shares of NVR, Inc. (NYSE:NVRGet Rating) by 26.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43 shares of the construction company’s stock after acquiring an additional 9 shares during the period. AIA Group Ltd’s holdings in NVR were worth $192,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Retirement Planning Co of New England Inc. acquired a new position in shares of NVR during the 4th quarter worth approximately $35,000. Johnson Financial Group Inc. acquired a new position in NVR during the fourth quarter worth $35,000. TFO TDC LLC purchased a new stake in NVR in the 1st quarter valued at $27,000. Confluence Wealth Services Inc. acquired a new stake in shares of NVR in the 4th quarter worth $59,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of NVR during the 4th quarter worth $65,000. Institutional investors and hedge funds own 97.53% of the company’s stock.

Insider Activity

In other NVR news, CFO Daniel David Malzahn sold 1,155 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $4,436.88, for a total transaction of $5,124,596.40. Following the sale, the chief financial officer now directly owns 3,315 shares in the company, valued at approximately $14,708,257.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 10.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of NVR from $4,900.00 to $4,330.00 and set a “neutral” rating for the company in a report on Tuesday, July 12th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company upped their price objective on NVR to $4,580.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Finally, UBS Group raised their target price on NVR from $4,100.00 to $4,300.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4,577.50.

NVR Stock Down 0.5 %

NYSE:NVR opened at $4,359.73 on Friday. NVR, Inc. has a 52 week low of $3,576.01 and a 52 week high of $5,982.44. The stock’s fifty day moving average is $4,239.80 and its two-hundred day moving average is $4,543.11. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 10.49 and a beta of 0.99. The company has a quick ratio of 2.26, a current ratio of 5.04 and a debt-to-equity ratio of 0.31.

NVR (NYSE:NVRGet Rating) last posted its earnings results on Tuesday, July 26th. The construction company reported $123.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $126.82 by ($3.17). The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.56 billion. NVR had a return on equity of 52.01% and a net margin of 16.18%. NVR’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $82.45 EPS. Research analysts anticipate that NVR, Inc. will post 512.93 EPS for the current year.

NVR declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 4th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

NVR Profile

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NVR, Inc operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. 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.

Further Reading

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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