Ameriprise Financial Inc. Has $69.23 Million Holdings in NVR, Inc. (NYSE:NVR)

Ameriprise Financial Inc. lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 9.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,464 shares of the construction company’s stock after buying an additional 733 shares during the period. Ameriprise Financial Inc.’s holdings in NVR were worth $69,226,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in NVR in the fourth quarter valued at $3,277,825,000. Norges Bank acquired a new stake in shares of NVR in the 4th quarter valued at about $295,643,000. JPMorgan Chase & Co. increased its position in NVR by 165.8% in the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company’s stock valued at $302,611,000 after buying an additional 23,079 shares in the last quarter. Capital Research Global Investors raised its stake in NVR by 11.7% during the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company’s stock worth $880,099,000 after buying an additional 11,274 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in NVR by 2,599.1% in the fourth quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock worth $73,512,000 after acquiring an additional 8,655 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. UBS Group lowered their price objective on shares of NVR from $8,900.00 to $7,900.00 and set a “neutral” rating on the stock in a 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9,023.33.

NVR Stock Down 1.0 %

Shares of NYSE:NVR opened at $7,152.97 on Friday. The business’s 50 day moving average is $7,183.79 and its 200 day moving average is $7,960.23. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The stock has a market cap of $21.24 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 2.39 and a beta of 1.02. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (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 for the quarter, compared to analysts’ expectations of $2.35 billion. On average, sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

Insider Buying and Selling at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.00% of the company’s stock.

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.