Railway Pension Investments Ltd Acquires 290 Shares of NVR, Inc. (NYSE:NVR)

Railway Pension Investments Ltd increased its position in NVR, Inc. (NYSE:NVR) by 4.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,684 shares of the construction company’s stock after acquiring an additional 290 shares during the quarter. Railway Pension Investments Ltd owned about 0.21% of NVR worth $54,140,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in NVR by 38.2% in the 4th quarter. BNP Paribas Financial Markets now owns 3,381 shares of the construction company’s stock worth $23,669,000 after buying an additional 934 shares during the last quarter. TD Asset Management Inc boosted its position in NVR by 22.7% in the fourth quarter. TD Asset Management Inc now owns 9,831 shares of the construction company’s stock worth $68,821,000 after purchasing an additional 1,819 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in NVR by 1.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock worth $44,791,000 after purchasing an additional 71 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in NVR by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 29,877 shares of the construction company’s stock worth $209,150,000 after purchasing an additional 781 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of NVR by 89.6% during the 1st quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock valued at $21,489,000 after buying an additional 1,254 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the topic of several recent analyst reports. UBS Group lifted their target price 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 report on Wednesday, April 24th.

Insider Activity at NVR

In other NVR news, Director William Grady Rosier sold 600 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the completion of the sale, the director now owns 1,701 shares of the company’s stock, valued at $13,039,236.63. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,771,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Grady Rosier sold 600 shares of NVR stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the sale, the director now directly owns 1,701 shares of the company’s stock, valued at $13,039,236.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,548 shares of company stock valued at $12,288,213. 7.00% of the stock is currently owned by insiders.

NVR Stock Down 0.1 %

NYSE:NVR traded down $8.25 during mid-day trading on Friday, hitting $8,546.26. 20,502 shares of the company’s stock traded hands, compared to its average volume of 20,555. The company has a fifty day moving average of $7,851.55 and a 200 day moving average of $7,675.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84. The company has a market capitalization of $26.75 billion, a P/E ratio of 17.81, a P/E/G ratio of 2.25 and a beta of 1.17. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $8,700.00.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing the consensus estimate of $121.65 by ($0.96). The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%. On average, analysts forecast that NVR, Inc. will post 499.77 EPS for the current year.

NVR declared that its Board of Directors has initiated a stock buyback plan on Tuesday, May 7th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership 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.