NVR, Inc. (NYSE:NVR) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of NVR, Inc. (NYSE:NVR) by 17.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 370 shares of the construction company’s stock after purchasing an additional 55 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in NVR were worth $3,026,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. purchased a new stake in NVR during the third quarter worth approximately $39,000. Rakuten Securities Inc. acquired a new position in shares of NVR during the 3rd quarter valued at $39,000. Private Trust Co. NA boosted its position in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR in the third quarter worth about $49,000. Finally, Quantbot Technologies LP acquired a new stake in NVR in the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 2.3 %

NVR stock opened at $7,560.51 on Monday. The stock has a market cap of $23.14 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. The firm’s 50-day simple moving average is $8,288.68 and its 200 day simple moving average is $8,860.32. NVR, Inc. has a fifty-two week low of $7,227.09 and a fifty-two week high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. As a group, sell-side analysts predict that NVR, Inc. will post 512.33 EPS for the current year.

NVR announced that its Board of Directors has authorized a stock repurchase 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 buy up to 2.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NVR shares. UBS Group boosted 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 report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Bank of America cut their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9,356.67.

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.