Artisan Partners Limited Partnership Has $93.41 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Artisan Partners Limited Partnership boosted its holdings in shares of NVR, Inc. (NYSE:NVR) by 27.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,343 shares of the construction company’s stock after buying an additional 2,884 shares during the period. Artisan Partners Limited Partnership owned approximately 0.42% of NVR worth $93,407,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after purchasing an additional 237,977 shares during the last quarter. Norges Bank bought a new position in NVR during the fourth quarter valued at about $246,031,000. Vanguard Group Inc. grew its position in NVR by 2.1% during the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock valued at $2,137,259,000 after buying an additional 7,516 shares during the period. Pacer Advisors Inc. grew its position in NVR by 25.0% during the fourth quarter. Pacer Advisors Inc. now owns 27,719 shares of the construction company’s stock valued at $194,045,000 after buying an additional 5,549 shares during the period. Finally, Invesco Ltd. grew its position in NVR by 11.2% during the third quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock valued at $264,287,000 after buying an additional 4,468 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NVR. UBS Group increased their target price on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th.

Insider Transactions at NVR

In other news, Chairman Paul C. Saville sold 300 shares of NVR stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at approximately $819,661,081.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NVR news, Director David A. Preiser sold 500 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the completion of the transaction, the director now owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Paul C. Saville sold 300 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $819,661,081.20. The disclosure for this sale can be found here. Insiders sold a total of 1,600 shares of company stock valued at $12,233,609 in the last quarter. 7.00% of the stock is owned by insiders.

NVR Trading Down 0.2 %

NYSE:NVR traded down $18.37 during trading hours on Tuesday, hitting $7,397.95. The company had a trading volume of 2,518 shares, compared to its average volume of 18,579. The company has a market capitalization of $23.16 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 3.08 and a beta of 1.13. The stock has a 50-day moving average price of $7,733.37 and a 200 day moving average price of $7,269.93. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.97.

NVR (NYSE:NVR) last announced 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 firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $99.89 EPS. On average, equities research analysts predict that NVR, Inc. will post 493.93 EPS for the current fiscal year.

NVR announced that its board has initiated a share buyback plan on Wednesday, February 14th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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.