Schroder Investment Management Group Sells 2,895 Shares of NVR, Inc. (NYSE:NVR)

Schroder Investment Management Group trimmed its holdings in NVR, Inc. (NYSE:NVR) by 15.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,504 shares of the construction company’s stock after selling 2,895 shares during the quarter. Schroder Investment Management Group’s holdings in NVR were worth $126,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVR. Private Trust Co. NA raised its stake in shares of NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the period. Quantbot Technologies LP purchased a new stake in shares of NVR in the third quarter worth about $59,000. Townsquare Capital LLC bought a new position in shares of NVR in the third quarter valued at approximately $353,000. Public Sector Pension Investment Board grew its stake in NVR by 18.2% during the third quarter. Public Sector Pension Investment Board now owns 130 shares of the construction company’s stock valued at $1,276,000 after acquiring an additional 20 shares in the last quarter. Finally, Martingale Asset Management L P bought a new stake in NVR during the 3rd quarter worth approximately $1,825,000. Institutional investors own 83.67% of the company’s stock.

NVR Trading Down 2.1 %

Shares of NVR stock opened at $7,163.11 on Monday. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77. The company has a 50 day simple moving average of $7,514.50 and a two-hundred day simple moving average of $8,487.31. The firm has a market cap of $21.27 billion, a PE ratio of 14.11, a PEG ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on NVR. JPMorgan Chase & Co. cut 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. UBS Group lifted their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average target price of $9,356.67.

Insider Buying and Selling

In other news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.00% of the stock is owned by corporate insiders.

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.