NVR, Inc. (NYSE:NVR) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in NVR, Inc. (NYSE:NVR) by 62.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 621 shares of the construction company’s stock after purchasing an additional 238 shares during the quarter. ProShare Advisors LLC’s holdings in NVR were worth $5,079,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NVR. OLD Mission Capital LLC purchased a new position in NVR in the 4th quarter worth approximately $1,701,000. Markel Group Inc. boosted its stake in shares of NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock valued at $96,626,000 after purchasing an additional 110 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of NVR by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock valued at $171,266,000 after purchasing an additional 644 shares during the period. Principal Financial Group Inc. grew its holdings in NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after purchasing an additional 1,549 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in NVR by 45.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,006 shares of the construction company’s stock worth $8,228,000 after buying an additional 312 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Trading Up 1.4%

NVR opened at $7,351.47 on Monday. The stock has a market capitalization of $21.50 billion, a PE ratio of 14.48, a P/E/G ratio of 2.39 and a beta of 1.02. The firm’s fifty day moving average price is $7,171.46 and its 200 day moving average price is $7,873.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last released its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. As a group, research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback plan on Tuesday, May 6th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of 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 report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9,023.33.

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.