NVR, Inc. $NVR Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its position in NVR, Inc. (NYSE:NVR) by 28.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,181 shares of the construction company’s stock after selling 465 shares during the quarter. Handelsbanken Fonder AB’s holdings in NVR were worth $8,613,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Capstone Capital Management Ltd acquired a new stake in NVR in the fourth quarter worth approximately $999,000. ProShare Advisors LLC lifted its position in NVR by 7.6% in the fourth quarter. ProShare Advisors LLC now owns 521 shares of the construction company’s stock worth $3,800,000 after purchasing an additional 37 shares during the period. HighTower Advisors LLC lifted its position in NVR by 4.4% in the fourth quarter. HighTower Advisors LLC now owns 1,044 shares of the construction company’s stock worth $7,614,000 after purchasing an additional 44 shares during the period. Evergreen Wealth Management LLC lifted its position in NVR by 3.5% in the fourth quarter. Evergreen Wealth Management LLC now owns 119 shares of the construction company’s stock worth $865,000 after purchasing an additional 4 shares during the period. Finally, Watchman Group Inc. lifted its position in NVR by 0.8% in the fourth quarter. Watchman Group Inc. now owns 387 shares of the construction company’s stock worth $2,822,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVR

In related news, Director Michael J. Devito acquired 11 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was bought at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the transaction, the director owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NVR. UBS Group cut their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Bank of America cut their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Finally, Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 price objective on shares of NVR in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7,649.33.

NVR Price Performance

Shares of NYSE:NVR opened at $6,046.36 on Friday. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The stock has a fifty day moving average of $6,416.75 and a 200-day moving average of $7,093.67. The company has a market capitalization of $16.33 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 4.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the company posted $94.83 EPS. NVR’s revenue was down 21.7% on a year-over-year basis. As a group, equities analysts anticipate that NVR, Inc. will post 375.15 EPS for the current fiscal year.

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

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.