NVR, Inc. (NYSE:NVR) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 53,538 shares of the construction company’s stock after buying an additional 1,549 shares during the period. Principal Financial Group Inc.’s holdings in NVR were worth $437,882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVR. International Assets Investment Management LLC boosted its stake in 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 worth $3,562,046,000 after purchasing an additional 363,004 shares during the last quarter. Jennison Associates LLC acquired a new stake in NVR during the 3rd quarter worth $348,545,000. Mizuho Securities USA LLC boosted its stake in NVR by 6,454.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock worth $162,071,000 after purchasing an additional 16,266 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in NVR by 254.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock worth $87,001,000 after purchasing an additional 6,363 shares during the last quarter. Finally, KBC Group NV boosted its stake in NVR by 299.9% during the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock worth $55,162,000 after purchasing an additional 4,216 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Trading Up 0.2 %

NYSE NVR opened at $7,359.53 on Monday. The firm’s 50-day moving average is $8,122.07 and its two-hundred day moving average is $8,818.45. NVR, Inc. has a 12 month low of $7,227.09 and a 12 month 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 stock has a market capitalization of $22.52 billion, a P/E ratio of 14.50, a PEG ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. On average, sell-side analysts anticipate that NVR, Inc. will post 512.33 earnings per share for the current year.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction dated 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 directly owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.00% of the company’s stock.

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.