NVR, Inc. (NYSE:NVR) Holdings Cut by Swedbank AB

Swedbank AB lowered its stake in shares of NVR, Inc. (NYSE:NVR) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95 shares of the construction company’s stock after selling 30 shares during the period. Swedbank AB’s holdings in NVR were worth $777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in shares of NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares during the period. Blue Trust Inc. acquired a new position in NVR in the 3rd quarter valued at $39,000. Rakuten Securities Inc. bought a new position in NVR in the 3rd quarter worth $39,000. Private Trust Co. NA lifted its position in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in NVR during the third quarter valued at about $49,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the transaction, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. This trade represents a 65.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Down 1.7 %

NYSE NVR opened at $7,999.06 on Monday. The stock has a market capitalization of $24.51 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 2.34 and a beta of 1.20. NVR, Inc. has a 52 week low of $7,018.03 and a 52 week high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The stock has a fifty day moving average of $8,439.94 and a 200-day moving average of $8,887.64.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. On average, equities research analysts forecast that NVR, Inc. will post 521.74 EPS for the current year.

NVR announced that its board has approved a share buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have commented on NVR. Bank of America dropped their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. UBS Group boosted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.