Allspring Global Investments Holdings LLC Has $1.09 Million Stake in NVR, Inc. (NYSE:NVR)

Allspring Global Investments Holdings LLC decreased its holdings in NVR, Inc. (NYSE:NVR) by 4.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136 shares of the construction company’s stock after selling 6 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NVR were worth $1,087,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. bought a new position in NVR in the 3rd quarter valued at about $39,000. Peak Financial Advisors LLC bought a new position in NVR in the 4th quarter valued at about $1,235,000. JPMorgan Chase & Co. increased its holdings in NVR by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after buying an additional 2,206 shares during the period. Intech Investment Management LLC bought a new position in NVR in the 3rd quarter valued at about $9,341,000. Finally, Brown Brothers Harriman & Co. increased its holdings in NVR by 11.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock valued at $24,667,000 after buying an additional 250 shares during the period. 83.67% of the stock is owned by institutional investors.

NVR Trading Down 2.4 %

Shares of NYSE NVR opened at $7,084.39 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 52-week low of $7,073.38 and a 52-week high of $9,964.77. The firm has a 50 day moving average price of $7,959.67 and a two-hundred day moving average price of $8,777.37. The stock has a market cap of $21.18 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating 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 analysts forecast 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 outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction 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 sale, the director now directly 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 document filed with the SEC, which is available through the SEC website. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased 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 report on Wednesday, January 29th. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, NVR presently has an average rating of “Hold” and an average target price of $9,356.67.

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.