Oppenheimer & Co. Inc. Purchases 2 Shares of NVR, Inc. (NYSE:NVR)

Oppenheimer & Co. Inc. boosted its position in shares of NVR, Inc. (NYSE:NVRFree Report) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 214 shares of the construction company’s stock after purchasing an additional 2 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in NVR were worth $1,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVR. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NVR in the 4th quarter valued at about $35,000. Criterion Capital Advisors LLC bought a new stake in shares of NVR in the 4th quarter valued at about $42,000. Allworth Financial LP increased its stake in shares of NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after acquiring an additional 4 shares during the last quarter. USA Financial Formulas bought a new stake in shares of NVR in the 4th quarter valued at about $63,000. Finally, GAMMA Investing LLC bought a new stake in shares of NVR in the 4th quarter valued at about $78,000. 83.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group upped their price target on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th.

Read Our Latest Analysis on NVR

NVR Price Performance

NYSE NVR opened at $7,497.67 on Monday. The business has a 50 day simple moving average of $7,654.47 and a 200 day simple moving average of $7,352.65. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52. The stock has a market cap of $23.47 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 3.12 and a beta of 1.16.

NVR (NYSE:NVRGet Free Report) last posted its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the prior year, the business earned $99.89 EPS. NVR’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts anticipate that NVR, Inc. will post 493.93 earnings per share for the current fiscal year.

NVR announced that its board has approved a stock repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other NVR news, Chairman Paul C. Saville sold 300 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total transaction of $2,301,126.00. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at approximately $819,661,081.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other NVR news, Director David A. Preiser sold 500 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the completion of the transaction, the director now owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Paul C. Saville sold 300 shares of the 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 completion of the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $819,661,081.20. The disclosure for this sale can be found here. Insiders sold a total of 1,600 shares of company stock valued at $12,233,609 in the last quarter. 7.00% of the stock is currently owned by insiders.

NVR Company 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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