NVR, Inc. (NYSE:NVR) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in NVR, Inc. (NYSE:NVR) 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 (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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.

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.