American Century Companies Inc. Boosts Position in NVR, Inc. (NYSE:NVR)

American Century Companies Inc. grew its holdings in NVR, Inc. (NYSE:NVR) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,494 shares of the construction company’s stock after acquiring an additional 528 shares during the period. American Century Companies Inc. owned about 0.15% of NVR worth $36,756,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVR. Proficio Capital Partners LLC purchased a new stake in NVR in the fourth quarter valued at $3,277,825,000. Corient Private Wealth LLC lifted its holdings in shares of NVR by 2,599.1% in the 4th quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock valued at $73,512,000 after buying an additional 8,655 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of NVR in the fourth quarter worth about $37,942,000. Amundi grew its holdings in NVR by 82.9% during the fourth quarter. Amundi now owns 9,131 shares of the construction company’s stock worth $73,102,000 after acquiring an additional 4,139 shares during the period. Finally, Teacher Retirement System of Texas raised its position in NVR by 67.7% during the fourth quarter. Teacher Retirement System of Texas now owns 9,943 shares of the construction company’s stock valued at $81,323,000 after acquiring an additional 4,015 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective 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. 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 report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Trading Up 0.1 %

Shares of NVR stock opened at $7,318.93 on Friday. The stock has a 50 day simple moving average of $7,538.87 and a 200-day simple moving average of $8,509.57. NVR, Inc. has a 1-year low of $7,015.00 and a 1-year high of $9,964.77. The company has a market cap of $21.73 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

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

NVR declared that its board has authorized a stock buyback program on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.