NVR, Inc. (NYSE:NVR) Stock Position Lowered by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its position in NVR, Inc. (NYSE:NVR) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,704 shares of the construction company’s stock after selling 67 shares during the period. Handelsbanken Fonder AB owned approximately 0.06% of NVR worth $13,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NVR. Blue Trust Inc. bought a new stake in shares of NVR in the 3rd quarter worth $39,000. IFM Investors Pty Ltd grew its holdings in shares of NVR by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock worth $5,917,000 after acquiring an additional 2 shares during the last quarter. Mediolanum International Funds Ltd grew its holdings in shares of NVR by 28.9% in the 3rd quarter. Mediolanum International Funds Ltd now owns 147 shares of the construction company’s stock worth $1,429,000 after acquiring an additional 33 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of NVR by 29.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 197 shares of the construction company’s stock worth $1,918,000 after acquiring an additional 45 shares during the last quarter. Finally, Forsta AP Fonden grew its holdings in shares of NVR by 11.3% in the 3rd quarter. Forsta AP Fonden now owns 590 shares of the construction company’s stock worth $5,789,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Stock Down 2.4 %

NYSE:NVR opened at $7,084.39 on Friday. The firm has a market capitalization of $21.18 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 2.33 and a beta of 1.20. NVR, Inc. has a 1-year low of $7,073.38 and a 1-year high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average price is $7,959.67 and its 200 day moving average price is $8,770.32.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, sell-side analysts forecast that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NVR shares. UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report 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 stock. Based on data from MarketBeat.com, NVR has an average rating of “Hold” and an average price target of $9,356.67.

About NVR

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.