Van ECK Associates Corp Sells 7 Shares of NVR, Inc. (NYSE:NVR)

Van ECK Associates Corp cut its stake in shares of NVR, Inc. (NYSE:NVR) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 724 shares of the construction company’s stock after selling 7 shares during the quarter. Van ECK Associates Corp’s holdings in NVR were worth $5,922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NVR. Blue Trust Inc. acquired a new position in NVR during the third quarter worth $39,000. Rakuten Securities Inc. acquired a new position in NVR during the third quarter worth $39,000. Private Trust Co. NA raised its holdings in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR in the third quarter valued at about $49,000. Finally, Quantbot Technologies LP purchased a new stake in shares of NVR in the third quarter valued at about $59,000. 83.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NVR 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 sale, the director now owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Bank of America lowered their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group increased their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, 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 research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, NVR presently has an average rating of “Hold” and an average target price of $9,356.67.

NVR Price Performance

NVR opened at $7,359.53 on Tuesday. NVR, Inc. has a 1 year low of $7,227.09 and a 1 year high of $9,964.77. The stock has a 50-day moving average price of $8,086.99 and a 200-day moving average price of $8,810.03. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The firm has a market cap of $22.52 billion, a PE ratio of 14.50, a P/E/G ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last issued 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 39.58% and a net margin of 16.34%. Sell-side analysts predict that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

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

About NVR

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.