Nomura Asset Management Co. Ltd. Has $10.78 Million Position in NVR, Inc. (NYSE:NVR)

Nomura Asset Management Co. Ltd. boosted its holdings in NVR, Inc. (NYSE:NVR) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,318 shares of the construction company’s stock after acquiring an additional 3 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in NVR were worth $10,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of NVR in the fourth quarter valued at about $3,277,825,000. Vanguard Group Inc. grew its stake in NVR by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock valued at $2,800,946,000 after buying an additional 1,147 shares during the last quarter. Principal Financial Group Inc. raised its holdings in NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after acquiring an additional 1,549 shares during the period. Boston Partners lifted its position in NVR by 3.2% during the fourth quarter. Boston Partners now owns 51,844 shares of the construction company’s stock worth $424,066,000 after acquiring an additional 1,605 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of NVR by 5.7% during the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock worth $307,118,000 after acquiring an additional 2,027 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Trading Down 2.1 %

Shares of NVR stock opened at $7,163.11 on Monday. The stock has a 50 day simple moving average of $7,514.50 and a 200 day simple moving average of $8,487.31. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The stock has a market cap of $21.27 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally an indication 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 shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. 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 note on Wednesday, January 29th. UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9,356.67.

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.