Boston Partners Increases Stake in NVR, Inc. (NYSE:NVR)

Boston Partners grew its position in NVR, Inc. (NYSE:NVR) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 51,844 shares of the construction company’s stock after acquiring an additional 1,605 shares during the quarter. Boston Partners’ holdings in NVR were worth $424,066,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in NVR during the third quarter worth approximately $49,000. EverSource Wealth Advisors LLC raised its position in NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after purchasing an additional 3 shares during the period. Quantbot Technologies LP bought a new stake in shares of NVR in the 3rd quarter valued at approximately $59,000. Finally, Smartleaf Asset Management LLC boosted its holdings 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 purchasing an additional 3 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

NVR opened at $7,208.82 on Tuesday. NVR, Inc. has a twelve month low of $7,015.00 and a twelve month high of $9,964.77. The firm has a market capitalization of $21.55 billion, a PE ratio of 14.20, a PEG ratio of 2.39 and a beta of 1.25. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $7,662.17 and its 200 day moving average price is $8,604.41.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

Insider Activity at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NVR has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of 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. UBS Group raised their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

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.