NVR, Inc. (NYSE:NVR) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. increased its stake in NVR, Inc. (NYSE:NVR) by 356.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 388 shares of the construction company’s stock after purchasing an additional 303 shares during the quarter. Bessemer Group Inc.’s holdings in NVR were worth $3,143,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Greenleaf Trust raised its position in NVR by 4.9% in the fourth quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock worth $301,000 after acquiring an additional 2 shares in the last quarter. PYA Waltman Capital LLC raised its position in NVR by 0.5% in the fourth quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock worth $2,968,000 after acquiring an additional 2 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in NVR by 0.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 305 shares of the construction company’s stock worth $2,135,000 after acquiring an additional 2 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in NVR by 0.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 214 shares of the construction company’s stock worth $1,498,000 after acquiring an additional 2 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in NVR by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 267 shares of the construction company’s stock worth $2,162,000 after acquiring an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Up 1.2 %

Shares of NYSE NVR traded up $100.51 during trading hours on Thursday, hitting $8,505.00. The stock had a trading volume of 5,402 shares, compared to its average volume of 19,398. The company has a market capitalization of $26.62 billion, a P/E ratio of 17.52, a P/E/G ratio of 2.59 and a beta of 1.17. The firm’s 50-day moving average price is $7,709.80 and its two-hundred day moving average price is $7,609.73. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $8,695.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing the consensus estimate of $121.65 by ($0.96). The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.48 billion. NVR had a net margin of 16.83% and a return on equity of 38.16%. Analysts anticipate that NVR, Inc. will post 494.69 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group boosted 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. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th.

Insiders Place Their Bets

In other NVR news, Director David A. Preiser sold 500 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at $1,813,104.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director David A. Preiser sold 500 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the completion of the transaction, the director now directly owns 239 shares in the company, valued at $1,813,104.19. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Paul C. Saville sold 300 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $819,661,081.20. The disclosure for this sale can be found here. Insiders sold 1,600 shares of company stock valued at $12,233,609 over the last 90 days. 7.00% of the stock is currently owned by company insiders.

NVR 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.