American International Group Inc. Purchases 6 Shares of NVR, Inc. (NYSE:NVR)

American International Group Inc. lifted its position in NVR, Inc. (NYSE:NVR) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 869 shares of the construction company’s stock after acquiring an additional 6 shares during the quarter. American International Group Inc.’s holdings in NVR were worth $6,083,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in NVR by 38.2% during the 4th quarter. BNP Paribas Financial Markets now owns 3,381 shares of the construction company’s stock valued at $23,669,000 after buying an additional 934 shares in the last quarter. TD Asset Management Inc lifted its holdings in NVR by 22.7% during the 4th quarter. TD Asset Management Inc now owns 9,831 shares of the construction company’s stock valued at $68,821,000 after buying an additional 1,819 shares in the last quarter. UBS Group AG lifted its holdings in NVR by 164.8% during the 4th quarter. UBS Group AG now owns 4,117 shares of the construction company’s stock valued at $28,821,000 after buying an additional 2,562 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in NVR by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 29,877 shares of the construction company’s stock valued at $209,150,000 after buying an additional 781 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in NVR during the 4th quarter valued at about $2,821,000. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NVR. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group lifted their price objective on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th.

NVR Trading Up 1.5 %

NYSE NVR opened at $7,626.42 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52. The company has a market capitalization of $23.89 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 3.13 and a beta of 1.16. The company’s 50-day simple moving average is $7,599.60 and its two-hundred day simple moving average is $7,432.39. NVR, Inc. has a one year low of $5,210.49 and a one year high of $8,211.40.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, beating analysts’ consensus estimates of $103.97 by $12.44. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $99.89 EPS. Equities analysts forecast that NVR, Inc. will post 493.93 EPS for the current fiscal year.

NVR announced that its board has approved a share repurchase program on Tuesday, May 7th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,771,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director William Grady Rosier sold 600 shares of NVR stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the transaction, the director now owns 1,701 shares of the company’s stock, valued at approximately $13,039,236.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,771,000. The disclosure for this sale can be found here. Insiders have sold a total of 1,600 shares of company stock valued at $12,233,609 in the last 90 days. Insiders own 7.00% of the company’s stock.

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.