NVR, Inc. (NYSE:NVR) Shares Sold by National Pension Service

National Pension Service cut its holdings in NVR, Inc. (NYSE:NVR) by 10.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,900 shares of the construction company’s stock after selling 571 shares during the period. National Pension Service’s holdings in NVR were worth $40,077,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NVR. Jennison Associates LLC acquired a new position in NVR in the 3rd quarter valued at $348,545,000. Mizuho Securities USA LLC raised its holdings in NVR by 6,454.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after acquiring an additional 16,266 shares during the last quarter. KBC Group NV raised its holdings in NVR by 299.9% in the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock valued at $55,162,000 after acquiring an additional 4,216 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in NVR by 53.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,690 shares of the construction company’s stock valued at $104,888,000 after acquiring an additional 3,741 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in NVR by 6,012.1% in the 4th quarter. SG Americas Securities LLC now owns 3,545 shares of the construction company’s stock valued at $28,994,000 after acquiring an additional 3,487 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Up 0.6 %

Shares of NYSE NVR opened at $7,228.01 on Friday. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The firm has a fifty day moving average of $7,847.90 and a 200-day moving average of $8,728.62. The stock has a market capitalization of $21.61 billion, a PE ratio of 14.24, a P/E/G ratio of 2.39 and a beta of 1.20. 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 announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related 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 transaction of $1,074,730.80. Following the completion of 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 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 owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on NVR. JPMorgan Chase & Co. cut their price target 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. UBS Group boosted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, NVR presently has a consensus rating of “Hold” and an average price target of $9,356.67.

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.