Hartford Investment Management Co. Has $1.55 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Hartford Investment Management Co. decreased its position in shares of NVR, Inc. (NYSE:NVR) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 189 shares of the construction company’s stock after selling 4 shares during the period. Hartford Investment Management Co.’s holdings in NVR were worth $1,546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVR. International Assets Investment Management LLC lifted its holdings in shares of NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after buying an additional 363,004 shares during the last quarter. Jennison Associates LLC lifted its stake in NVR by 5.7% in the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock valued at $307,118,000 after acquiring an additional 2,027 shares during the last quarter. Smead Capital Management Inc. grew its position in NVR by 3.5% in the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock worth $355,365,000 after acquiring an additional 1,223 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of NVR by 8.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company’s stock worth $267,686,000 after purchasing an additional 2,045 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of NVR by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,702 shares of the construction company’s stock worth $163,877,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 0.5 %

Shares of NYSE:NVR opened at $7,336.44 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The stock’s 50-day moving average is $8,153.80 and its 200-day moving average is $8,824.52. The company has a market cap of $22.45 billion, a P/E ratio of 14.46, a P/E/G ratio of 2.51 and a beta of 1.20. NVR, Inc. has a 52-week low of $7,227.09 and a 52-week high of $9,964.77.

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

NVR declared that its Board of Directors has approved a share buyback plan 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 shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NVR shares. UBS Group lifted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, Bank of America lowered their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Four investment 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, NVR has a consensus rating of “Hold” and an average target price of $9,356.67.

About NVR

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.