NVR, Inc. (NYSE:NVR) Shares Acquired by Shell Asset Management Co.

Shell Asset Management Co. boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 95.1% in the fourth quarter, HoldingsChannel reports. The firm owned 923 shares of the construction company’s stock after purchasing an additional 450 shares during the quarter. Shell Asset Management Co.’s holdings in NVR were worth $7,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVR. Czech National Bank boosted its position in NVR by 4.8% during the 4th quarter. Czech National Bank now owns 661 shares of the construction company’s stock valued at $5,406,000 after purchasing an additional 30 shares during the period. Park Avenue Securities LLC boosted its position in NVR by 7.0% during the 4th quarter. Park Avenue Securities LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 5 shares during the period. Lakewood Asset Management LLC boosted its position in NVR by 0.5% during the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock worth $3,206,000 after acquiring an additional 2 shares during the period. Gateway Investment Advisers LLC boosted its position in NVR by 3.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 2,256 shares of the construction company’s stock worth $18,452,000 after acquiring an additional 81 shares during the period. Finally, Avanza Fonder AB acquired a new position in NVR during the 4th quarter worth $2,715,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Up 0.9%

NVR opened at $7,233.37 on Friday. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The stock’s fifty day moving average is $7,171.58 and its 200-day moving average is $7,902.99. The company has a market capitalization of $21.15 billion, a PE ratio of 14.25, a P/E/G ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. On average, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has approved a share buyback program on Tuesday, May 6th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. UBS Group reduced their price target on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, NVR has an average rating of “Hold” and an average price target of $9,023.33.

NVR 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.