NVR, Inc. (NYSE:NVR) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in NVR, Inc. (NYSE:NVR) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,032 shares of the construction company’s stock after selling 38 shares during the quarter. Daiwa Securities Group Inc.’s holdings in NVR were worth $8,440,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Entropy Technologies LP raised its stake in shares of NVR by 35.5% during the third quarter. Entropy Technologies LP now owns 382 shares of the construction company’s stock valued at $3,748,000 after purchasing an additional 100 shares during the period. Rakuten Securities Inc. purchased a new stake in NVR during the 3rd quarter worth $39,000. Fortis Capital Management LLC increased its stake in NVR by 2.8% during the 3rd quarter. Fortis Capital Management LLC now owns 624 shares of the construction company’s stock worth $6,125,000 after buying an additional 17 shares during the period. KBC Group NV lifted its holdings in NVR by 299.9% in the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock worth $55,162,000 after buying an additional 4,216 shares in the last quarter. Finally, Bretton Capital Management LLC purchased a new position in NVR in the 3rd quarter valued at about $6,770,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 7.00% of the company’s stock.

NVR Price Performance

NVR opened at $7,357.48 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. 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 moving average of $7,728.13 and a 200-day moving average of $8,656.46. The company has a market capitalization of $22.00 billion, a P/E ratio of 14.50, a PEG ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last announced its quarterly earnings data 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%. Equities analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of analysts have 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 research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.