Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of NVR, Inc. (NYSE:NVR) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 705 shares of the construction company’s stock after buying an additional 26 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NVR were worth $2,473,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Advisor Group Inc. lifted its position in shares of NVR by 13.9% during the 2nd quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock worth $197,000 after buying an additional 10 shares during the last quarter. Stifel Financial Corp lifted its position in shares of NVR by 4.1% during the 2nd quarter. Stifel Financial Corp now owns 429 shares of the construction company’s stock worth $1,035,000 after buying an additional 17 shares during the last quarter. Royal Bank of Canada lifted its position in shares of NVR by 1.4% during the 2nd quarter. Royal Bank of Canada now owns 1,727 shares of the construction company’s stock worth $4,163,000 after buying an additional 24 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of NVR by 25.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 156 shares of the construction company’s stock worth $445,000 after buying an additional 32 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in shares of NVR during the 4th quarter worth $133,000. Institutional investors and hedge funds own 79.82% of the company’s stock.
In other NVR news, Director Eddie Arthur Grier sold 400 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $2,968.07, for a total value of $1,187,228.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.30% of the stock is owned by corporate insiders.
NVR, Inc. (NYSE:NVR) opened at $2,800.00 on Friday. NVR, Inc. has a fifty-two week low of $1,872.21 and a fifty-two week high of $3,700.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.62 and a quick ratio of 1.67. The stock has a market capitalization of $10,334.80, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.97 and a beta of 0.54.
NVR (NYSE:NVR) last issued its earnings results on Thursday, January 25th. The construction company reported $43.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $48.95 by ($5.54). NVR had a return on equity of 38.72% and a net margin of 8.70%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company earned $37.80 EPS. NVR’s revenue for the quarter was up 3.6% on a year-over-year basis. equities analysts forecast that NVR, Inc. will post 188.66 earnings per share for the current year.
NVR declared that its Board of Directors has initiated a share repurchase program on Tuesday, December 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Several analysts recently weighed in on the company. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. UBS Group assumed coverage on NVR in a research report on Wednesday, October 25th. They set a “neutral” rating and a $3,450.00 price objective for the company. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Wells Fargo & Co restated a “market perform” rating on shares of NVR in a research report on Friday, October 20th. Finally, Zacks Investment Research upgraded NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 price objective for the company in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $3,186.75.
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NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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