Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 330 Shares of NVR, Inc. (NVR)
Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in NVR, Inc. (NYSE:NVR) by 28.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 823 shares of the construction company’s stock after selling 330 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NVR were worth $2,006,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisor Partners LLC boosted its stake in NVR by 10.5% in the 4th quarter. Advisor Partners LLC now owns 116 shares of the construction company’s stock valued at $283,000 after purchasing an additional 11 shares during the period. D.A. Davidson & CO. boosted its stake in NVR by 2.9% in the 4th quarter. D.A. Davidson & CO. now owns 873 shares of the construction company’s stock valued at $2,127,000 after purchasing an additional 25 shares during the period. Signition LP bought a new stake in NVR in the 4th quarter valued at $305,000. Royal London Asset Management Ltd. boosted its stake in NVR by 4.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 1,370 shares of the construction company’s stock valued at $3,315,000 after purchasing an additional 64 shares during the period. Finally, IFM Investors Pty Ltd boosted its stake in NVR by 5.2% in the 4th quarter. IFM Investors Pty Ltd now owns 202 shares of the construction company’s stock valued at $492,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 77.22% of the company’s stock.
NVR has been the subject of several recent research reports. Bank of America downgraded NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 price target for the company. in a research note on Thursday, October 18th. Wells Fargo & Co restated a “market perform” rating and issued a $2,410.00 price target (down from $3,780.00) on shares of NVR in a research note on Friday, October 19th. ValuEngine upgraded NVR from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 20th. Zacks Investment Research upgraded NVR from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. Finally, Buckingham Research initiated coverage on NVR in a research note on Friday, January 11th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $2,975.20.
NVR (NYSE:NVR) last announced its quarterly earnings data on Friday, January 25th. The construction company reported $58.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $50.67 by $7.90. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. NVR had a return on equity of 48.57% and a net margin of 11.38%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $40.16 EPS. As a group, equities research analysts forecast that NVR, Inc. will post 176.78 EPS for the current fiscal year.
NVR declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other NVR news, Director Dwight C. Schar sold 5,401 shares of NVR stock in a transaction on Friday, February 1st. The stock was sold at an average price of $2,669.50, for a total value of $14,417,969.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight C. Schar sold 4,080 shares of NVR stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $2,619.21, for a total value of $10,686,376.80. Following the completion of the transaction, the director now directly owns 1,191 shares of the company’s stock, valued at $3,119,479.11. The disclosure for this sale can be found here. Insiders sold a total of 16,112 shares of company stock valued at $41,241,945 over the last ninety days. Insiders own 12.00% of the company’s stock.
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NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.
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