Korea Investment CORP Has $19.10 Million Position in NVR, Inc. (NYSE:NVR)

Korea Investment CORP trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 15.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,335 shares of the construction company’s stock after selling 421 shares during the period. Korea Investment CORP’s holdings in NVR were worth $19,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in NVR in the 4th quarter valued at approximately $3,277,825,000. Corient Private Wealth LLC increased its stake in shares of NVR by 2,599.1% in the fourth quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock valued at $73,512,000 after buying an additional 8,655 shares during the period. Raymond James Financial Inc. bought a new position in shares of NVR during the fourth quarter worth about $37,942,000. Amundi lifted its stake in shares of NVR by 82.9% in the fourth quarter. Amundi now owns 9,131 shares of the construction company’s stock worth $73,102,000 after acquiring an additional 4,139 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in NVR by 67.7% in the fourth quarter. Teacher Retirement System of Texas now owns 9,943 shares of the construction company’s stock valued at $81,323,000 after acquiring an additional 4,015 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Trading Down 2.1 %

Shares of NVR stock opened at $7,163.11 on Friday. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The stock has a 50 day simple moving average of $7,514.50 and a two-hundred day simple moving average of $8,491.50. The company has a market cap of $21.27 billion, a P/E ratio of 14.11, a PEG ratio of 2.39 and a beta of 1.25.

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 net margin of 16.34% and a return on equity of 39.67%. Research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered 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 target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9,356.67.

Insider Buying and Selling at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.00% of the company’s stock.

NVR 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.