Brown Brothers Harriman & Co. Raises Stock Holdings in NVR, Inc. (NYSE:NVR)

Brown Brothers Harriman & Co. increased its stake in shares of NVR, Inc. (NYSE:NVR) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,791 shares of the construction company’s stock after purchasing an additional 277 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in NVR were worth $22,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after buying an additional 3 shares in the last quarter. Private Trust Co. NA grew its stake in 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 acquiring an additional 2 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in NVR in the 3rd quarter valued at $49,000. Smartleaf Asset Management LLC lifted 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 acquired a new stake in shares of NVR during the third quarter worth $59,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction on 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 owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was 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 owned by insiders.

NVR Price Performance

NVR stock opened at $7,163.11 on Friday. The stock has a 50-day moving average price of $7,514.50 and a two-hundred day moving average price of $8,495.82. The company has a market cap of $21.27 billion, a PE ratio of 14.11, a price-to-earnings-growth 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. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping 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, research analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has approved a share buyback program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group increased their target price on 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. cut their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9,356.67.

About NVR

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.