Cibc World Markets Corp Increases Holdings in NVR, Inc. (NYSE:NVR)

Cibc World Markets Corp lifted its position in NVR, Inc. (NYSE:NVR) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 497 shares of the construction company’s stock after purchasing an additional 59 shares during the period. Cibc World Markets Corp’s holdings in NVR were worth $4,065,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in shares of NVR during the 4th quarter valued at $3,277,825,000. Principal Financial Group Inc. increased its position in shares of NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after acquiring an additional 1,549 shares during the period. Jennison Associates LLC grew its position in NVR by 5.7% during the 4th quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock worth $307,118,000 after purchasing an additional 2,027 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NVR by 8.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company’s stock worth $267,686,000 after purchasing an additional 2,045 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock worth $171,266,000 after purchasing an additional 644 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 1.2 %

NVR opened at $7,268.08 on Thursday. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77. The stock has a market capitalization of $21.73 billion, a PE ratio of 14.32, a P/E/G ratio of 2.39 and a beta of 1.25. The business’s 50 day moving average price is $7,633.72 and its 200 day moving average price is $8,581.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities research analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

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

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction on 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 sale, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group increased their target price 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. JPMorgan Chase & Co. lowered their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, NVR presently 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.