Nomura Asset Management Co. Ltd. Has $1.46 Million Holdings in NVR, Inc. (NVR)

Nomura Asset Management Co. Ltd. grew its stake in NVR, Inc. (NYSE:NVR) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 600 shares of the construction company’s stock after buying an additional 35 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NVR were worth $1,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NVR. Diamond Hill Capital Management Inc. increased its position in NVR by 229.8% in the third quarter. Diamond Hill Capital Management Inc. now owns 91,752 shares of the construction company’s stock worth $226,701,000 after buying an additional 63,932 shares in the last quarter. FMR LLC increased its position in NVR by 38.8% in the third quarter. FMR LLC now owns 125,954 shares of the construction company’s stock worth $311,207,000 after buying an additional 35,233 shares in the last quarter. Citadel Advisors LLC increased its position in NVR by 314.9% in the third quarter. Citadel Advisors LLC now owns 18,283 shares of the construction company’s stock worth $45,173,000 after buying an additional 13,876 shares in the last quarter. Bank of Montreal Can increased its position in NVR by 1,677.7% in the fourth quarter. Bank of Montreal Can now owns 11,893 shares of the construction company’s stock worth $28,983,000 after buying an additional 11,224 shares in the last quarter. Finally, Smead Capital Management Inc. increased its position in NVR by 17.7% in the fourth quarter. Smead Capital Management Inc. now owns 47,827 shares of the construction company’s stock worth $116,554,000 after buying an additional 7,208 shares in the last quarter. Institutional investors and hedge funds own 78.86% of the company’s stock.

In related news, Director Eddie Arthur Grier sold 650 shares of the stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $2,684.66, for a total transaction of $1,745,029.00. Following the completion of the sale, the director now owns 825 shares in the company, valued at $2,214,844.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandra A. Jung bought 25 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The shares were acquired at an average price of $2,613.68 per share, with a total value of $65,342.00. Following the transaction, the director now directly owns 25 shares of the company’s stock, valued at approximately $65,342. The disclosure for this purchase can be found here. Insiders have sold 25,211 shares of company stock valued at $66,653,412 in the last quarter. 12.00% of the stock is currently owned by company insiders.

A number of brokerages have commented on NVR. ValuEngine upgraded NVR from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 20th. Zacks Investment Research upgraded NVR from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Finally, Buckingham Research initiated coverage on NVR in a research report on Friday, January 11th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $2,975.20.

NYSE:NVR opened at $2,724.21 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.96 and a quick ratio of 1.95. NVR, Inc. has a 12-month low of $2,040.71 and a 12-month high of $3,233.00. The stock has a market cap of $9.85 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 1.56 and a beta of 0.67.

NVR (NYSE:NVR) last released its earnings results on Friday, January 25th. The construction company reported $58.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $50.67 by $7.90. NVR had a return on equity of 48.57% and a net margin of 11.38%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the business posted $40.16 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts anticipate that NVR, Inc. will post 176.78 EPS for the current year.

NVR declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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About NVR

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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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