UBS Group AG Has $28.82 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

UBS Group AG grew its position in shares of NVR, Inc. (NYSE:NVRFree Report) by 164.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,117 shares of the construction company’s stock after purchasing an additional 2,562 shares during the quarter. UBS Group AG owned approximately 0.13% of NVR worth $28,821,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NVR. Signaturefd LLC boosted its stake in shares of NVR by 18.2% during the third quarter. Signaturefd LLC now owns 26 shares of the construction company’s stock valued at $155,000 after purchasing an additional 4 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of NVR during the third quarter valued at about $208,000. Ieq Capital LLC boosted its stake in shares of NVR by 20.9% during the third quarter. Ieq Capital LLC now owns 104 shares of the construction company’s stock valued at $620,000 after purchasing an additional 18 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of NVR by 17.7% during the third quarter. Victory Capital Management Inc. now owns 3,278 shares of the construction company’s stock valued at $19,548,000 after purchasing an additional 493 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of NVR by 8.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,909 shares of the construction company’s stock valued at $17,347,000 after purchasing an additional 228 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Trading Up 0.3 %

Shares of NVR stock opened at $7,416.32 on Tuesday. The company has a market cap of $23.21 billion, a P/E ratio of 15.46, a PEG ratio of 3.08 and a beta of 1.13. The stock has a 50 day simple moving average of $7,733.37 and a two-hundred day simple moving average of $7,269.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40.

NVR (NYSE:NVRGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, beating analysts’ consensus estimates of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the firm posted $99.89 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts forecast that NVR, Inc. will post 493.93 earnings per share for the current year.

NVR declared that its board has authorized a stock buyback program on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,771,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,771,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Paul C. Saville sold 300 shares of NVR stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the transaction, the chairman now directly owns 106,860 shares in the company, valued at approximately $819,661,081.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,600 shares of company stock valued at $12,233,609. Company insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. UBS Group raised their price objective on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th.

View Our Latest Stock Analysis on NVR

NVR Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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