NVR, Inc. (NVR) Shares Bought by ING Groep NV
ING Groep NV raised its stake in NVR, Inc. (NYSE:NVR) by 23.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 525 shares of the construction company’s stock after buying an additional 99 shares during the period. ING Groep NV’s holdings in NVR were worth $1,842,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of NVR. Janus Henderson Group PLC increased its holdings in NVR by 331.9% in the third quarter. Janus Henderson Group PLC now owns 30,783 shares of the construction company’s stock valued at $87,883,000 after buying an additional 23,656 shares in the last quarter. State Street Corp increased its holdings in NVR by 17.7% in the second quarter. State Street Corp now owns 139,294 shares of the construction company’s stock valued at $335,772,000 after buying an additional 20,928 shares in the last quarter. Acadian Asset Management LLC increased its holdings in NVR by 47.4% in the fourth quarter. Acadian Asset Management LLC now owns 48,238 shares of the construction company’s stock valued at $169,231,000 after buying an additional 15,512 shares in the last quarter. Capital Growth Management LP increased its holdings in NVR by 70.0% in the third quarter. Capital Growth Management LP now owns 32,300 shares of the construction company’s stock valued at $92,216,000 after buying an additional 13,300 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in NVR by 2,950.0% in the third quarter. APG Asset Management N.V. now owns 12,200 shares of the construction company’s stock valued at $34,831,000 after buying an additional 11,800 shares in the last quarter. 79.33% of the stock is owned by institutional investors.
A number of brokerages have issued reports on NVR. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, October 20th. UBS Group began coverage on shares of NVR in a report on Wednesday, October 25th. They issued a “neutral” rating and a $3,450.00 target price for the company. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Wells Fargo & Co reaffirmed a “market perform” rating on shares of NVR in a report on Friday, October 20th. Finally, Zacks Investment Research raised shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 price objective for the company in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. NVR has a consensus rating of “Buy” and a consensus price target of $3,186.75.
NVR, Inc. (NYSE NVR) opened at $2,800.00 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.67 and a current ratio of 3.62. NVR, Inc. has a 12 month low of $1,872.21 and a 12 month high of $3,700.00. The firm has a market cap of $10,334.82, a P/E ratio of 22.01, a PEG ratio of 0.97 and a beta of 0.54.
NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, January 25th. The construction company reported $43.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $48.95 by ($5.54). NVR had a return on equity of 38.72% and a net margin of 8.70%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business earned $37.80 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. research analysts predict that NVR, Inc. will post 188.66 earnings per share for the current year.
NVR declared that its Board of Directors has authorized a share buyback plan on Tuesday, December 12th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
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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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