Swiss National Bank reduced its stake in NVR, Inc. (NYSE:NVR – Free Report) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,690 shares of the construction company’s stock after selling 600 shares during the period. Swiss National Bank’s holdings in NVR were worth $71,075,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in NVR by 45.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,006 shares of the construction company’s stock valued at $8,228,000 after purchasing an additional 312 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after acquiring an additional 3 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of NVR by 4.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company’s stock worth $384,000 after acquiring an additional 2 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of NVR by 10.7% in the 4th quarter. Moors & Cabot Inc. now owns 93 shares of the construction company’s stock worth $761,000 after acquiring an additional 9 shares during the period. Finally, AGF Management Ltd. bought a new stake in NVR in the 4th quarter valued at about $523,000. 83.67% of the stock is owned by institutional investors.
NVR Stock Up 1.4 %
NVR stock opened at $7,228.03 on Friday. The firm’s 50-day moving average is $7,677.46 and its two-hundred day moving average is $8,620.24. The company has a market capitalization of $21.61 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week 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.
NVR declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
Analysts Set New Price Targets
Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. UBS Group raised their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, NVR has an average rating of “Hold” and a consensus target price of $9,356.67.
Read Our Latest Research Report on NVR
Insider Activity
In other news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.
Further Reading
- Five stocks we like better than NVR
- Roth IRA Calculator: Calculate Your Potential Returns
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- How to Read Stock Charts for Beginners
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR – Free Report).
Receive News & Ratings for NVR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR and related companies with MarketBeat.com's FREE daily email newsletter.