Mitsubishi UFJ Asset Management Co. Ltd. Has $39.21 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in NVR, Inc. (NYSE:NVR) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,858 shares of the construction company’s stock after buying an additional 142 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of NVR worth $39,207,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NVR shares. UBS Group boosted their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, NVR has a consensus rating of “Hold” and a consensus target price of $9,356.67.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is currently owned by corporate insiders.

NVR Stock Performance

Shares of NVR stock opened at $7,163.11 on Friday. The firm has a fifty day moving average of $7,514.50 and a two-hundred day moving average of $8,491.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The stock has a market capitalization of $21.27 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

NVR 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.