Skandinaviska Enskilda Banken AB publ Has $13.99 Million Stock Holdings in NVR, Inc. $NVR

Skandinaviska Enskilda Banken AB publ decreased its stake in shares of NVR, Inc. (NYSE:NVR) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,741 shares of the construction company’s stock after selling 185 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.06% of NVR worth $13,988,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Assetmark Inc. increased its holdings in NVR by 50.0% during the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after buying an additional 2 shares during the last quarter. State of Wyoming acquired a new position in shares of NVR during the 2nd quarter worth about $44,000. Zions Bancorporation National Association UT raised its holdings in shares of NVR by 600.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after purchasing an additional 6 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of NVR in the 2nd quarter valued at about $59,000. Finally, Financial Gravity Companies Inc. acquired a new stake in NVR in the 2nd quarter valued at about $66,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. UBS Group set a $8,100.00 target price on NVR in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective on the stock in a research report on Thursday, January 29th. Finally, BTIG Research assumed coverage on shares of NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8,279.40.

NVR Stock Up 1.3%

NYSE NVR opened at $7,519.87 on Thursday. The stock has a market cap of $20.98 billion, a PE ratio of 17.20, a P/E/G ratio of 2.49 and a beta of 1.03. The business has a 50 day moving average price of $7,575.18 and a two-hundred day moving average price of $7,707.22. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $8,618.28. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, beating the consensus estimate of $105.42 by $16.12. NVR had a net margin of 13.27% and a return on equity of 34.28%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the firm earned $139.93 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has authorized a stock buyback program on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the completion of the transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 70.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the sale, the director owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. This trade represents a 34.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,120 shares of company stock worth $9,012,736. Corporate insiders own 7.00% of the company’s stock.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.