Van ECK Associates Corp Purchases 50 Shares of NVR, Inc. (NYSE:NVR)

Van ECK Associates Corp increased its position in shares of NVR, Inc. (NYSE:NVR) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 687 shares of the construction company’s stock after acquiring an additional 50 shares during the quarter. Van ECK Associates Corp’s holdings in NVR were worth $5,565,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of NVR by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock valued at $2,137,259,000 after purchasing an additional 7,516 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of NVR by 626,255.3% in the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after buying an additional 237,977 shares in the last quarter. Principal Financial Group Inc. raised its stake in NVR by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company’s stock worth $424,851,000 after buying an additional 191 shares during the period. Smead Capital Management Inc. lifted its holdings in NVR by 0.7% during the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock worth $276,385,000 after acquiring an additional 277 shares in the last quarter. Finally, Norges Bank acquired a new position in NVR in the fourth quarter valued at about $246,031,000. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In related news, Director David A. Preiser sold 500 shares of NVR stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the sale, the director now owns 239 shares of the company’s stock, valued at $1,813,104.19. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,771,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Preiser sold 500 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,600 shares of company stock worth $12,233,609. Insiders own 7.00% of the company’s stock.

NVR Stock Down 0.2 %

NVR stock traded down $17.28 during midday trading on Friday, reaching $7,439.71. The stock had a trading volume of 10,269 shares, compared to its average volume of 19,278. The stock has a market capitalization of $23.29 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 3.10 and a beta of 1.17. The firm’s fifty day simple moving average is $7,567.14 and its 200-day simple moving average is $7,493.23. 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 1-year low of $5,210.49 and a 1-year high of $8,211.40.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the business earned $99.89 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts expect that NVR, Inc. will post 493.93 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback plan on Tuesday, May 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

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

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.