Allianz SE Makes New $2.53 Million Investment in NVR, Inc. (NYSE:NVR)

Allianz SE acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 309 shares of the construction company’s stock, valued at approximately $2,527,000.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after buying an additional 3 shares during the period. Private Trust Co. NA raised its stake in shares of NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of NVR in the 3rd quarter worth about $49,000. Smartleaf Asset Management LLC boosted its stake in shares of NVR by 75.0% during 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. Finally, Quantbot Technologies LP bought a new position in NVR during the 3rd quarter valued at about $59,000. 83.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on NVR shares. 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. JPMorgan Chase & Co. dropped their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Price Performance

NVR stock opened at $7,163.11 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The firm has a 50-day moving average of $7,514.50 and a two-hundred day moving average of $8,491.50. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly 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%. On average, research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Transactions at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.00% of the company’s stock.

NVR Company 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.