Amundi Has $73.10 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Amundi grew its holdings in NVR, Inc. (NYSE:NVR) by 82.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,131 shares of the construction company’s stock after buying an additional 4,139 shares during the quarter. Amundi’s holdings in NVR were worth $73,102,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Peak Financial Advisors LLC bought a new stake in NVR during the 4th quarter worth about $1,235,000. JPMorgan Chase & Co. lifted its position in NVR by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after purchasing an additional 2,206 shares during the period. Intech Investment Management LLC acquired a new position in NVR during the 3rd quarter valued at about $9,341,000. Brown Brothers Harriman & Co. lifted its position in NVR by 11.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock valued at $24,667,000 after purchasing an additional 250 shares during the period. Finally, Principal Financial Group Inc. lifted its position in NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after purchasing an additional 1,549 shares during the period. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In other 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 value of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NVR. JPMorgan Chase & Co. cut 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. UBS Group increased 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, NVR presently has a consensus rating of “Hold” and an average price target of $9,356.67.

NVR Price Performance

Shares of NVR opened at $7,357.48 on Wednesday. The stock has a market capitalization of $22.00 billion, a P/E ratio of 14.50, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a twelve month low of $7,015.00 and a twelve month high of $9,964.77. The company has a 50 day moving average of $7,728.13 and a 200-day moving average of $8,656.46. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to buy up to 2.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

NVR Company Profile

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.