Norges Bank Makes New Investment in NVR, Inc. (NYSE:NVR)

Norges Bank bought a new stake in NVR, Inc. (NYSE:NVR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 36,147 shares of the construction company’s stock, valued at approximately $295,643,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Trust Co. NA grew its stake in 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 acquiring an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of NVR during the 3rd quarter worth approximately $49,000. EverSource Wealth Advisors LLC grew its position in shares of NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after purchasing an additional 3 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of NVR in the third quarter valued at approximately $59,000. Finally, Smartleaf Asset Management LLC lifted its position in NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after buying an additional 3 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction on 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 owns 1,050 shares of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NVR. JPMorgan Chase & Co. dropped their target price on 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 raised their price objective 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. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, NVR currently has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Trading Down 2.1 %

Shares of NVR stock opened at $7,163.11 on Friday. NVR, Inc. has a 1-year low of $7,015.00 and a 1-year high of $9,964.77. The firm has a market cap of $21.27 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company has a 50-day moving average of $7,514.50 and a two-hundred day moving average of $8,491.50. 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 released its earnings results on Tuesday, February 4th. The construction company reported $139.93 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%. On average, analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

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

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.