Asset Management One Co. Ltd. reduced its holdings in shares of NVR, Inc. (NYSE:NVR – Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,212 shares of the construction company’s stock after selling 62 shares during the period. Asset Management One Co. Ltd.’s holdings in NVR were worth $9,949,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in NVR. Blue Trust Inc. purchased a new stake in shares of NVR in the 3rd quarter valued at approximately $39,000. Rakuten Securities Inc. purchased a new position in NVR during the 3rd quarter valued at about $39,000. Private Trust Co. NA increased its holdings 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 purchased a new position in NVR during the 3rd quarter valued at about $49,000. Finally, Quantbot Technologies LP acquired a new stake in shares of NVR in the third quarter worth approximately $59,000. 83.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NVR has been the topic of several research analyst reports. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Bank of America dropped their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. UBS Group lifted their price target 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. JPMorgan Chase & Co. reduced 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. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9,356.67.
Insiders Place Their Bets
In other NVR news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated 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 directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.00% of the company’s stock.
NVR Stock Up 0.2 %
Shares of NYSE:NVR opened at $7,359.53 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The company has a market cap of $22.52 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. NVR, Inc. has a 52 week low of $7,227.09 and a 52 week high of $9,964.77. The firm has a 50 day simple moving average of $8,086.99 and a 200 day simple moving average of $8,810.03.
NVR (NYSE:NVR – Get Free Report) last released 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 net margin of 16.34% and a return on equity of 39.58%. As a group, research analysts expect that NVR, Inc. will post 512.33 earnings per share for the current year.
NVR announced that its board has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.
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.
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