Mirae Asset Global Investments Co. Ltd. Has $2.42 Million Stock Position in NVR, Inc. (NYSE:NVR)

Mirae Asset Global Investments Co. Ltd. raised its position in shares of NVR, Inc. (NYSE:NVR) by 49.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 295 shares of the construction company’s stock after purchasing an additional 98 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in NVR were worth $2,420,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in NVR during the third quarter worth $39,000. Rakuten Securities Inc. bought a new position in shares of NVR in the 3rd quarter worth about $39,000. Private Trust Co. NA lifted its stake in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of NVR in the 3rd quarter valued at about $49,000. Finally, Quantbot Technologies LP bought a new stake in shares of NVR during the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 2.3 %

NVR opened at $7,560.51 on Monday. NVR, Inc. has a fifty-two week low of $7,227.09 and a fifty-two week high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The company’s 50-day moving average is $8,288.68 and its 200 day moving average is $8,860.32. The firm has a market capitalization of $23.14 billion, a P/E ratio of 14.90, a PEG ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. Research analysts expect that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR announced that its board has initiated a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NVR. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Bank of America decreased their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. UBS Group raised their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9,356.67.

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.