Livforsakringsbolaget Skandia Omsesidigt lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 15.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170 shares of the construction company’s stock after selling 30 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NVR were worth $596,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of NVR. Toronto Dominion Bank bought a new position in NVR during the 2nd quarter worth $104,000. Advisor Group Inc. increased its stake in NVR by 13.9% during the 2nd quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock worth $197,000 after acquiring an additional 10 shares during the period. Independent Advisor Alliance bought a new position in NVR during the 3rd quarter worth $217,000. Highstreet Asset Management Inc. bought a new position in NVR during the 3rd quarter worth $228,000. Finally, Frontier Wealth Management LLC bought a new position in NVR during the 2nd quarter worth $256,000. Hedge funds and other institutional investors own 79.33% of the company’s stock.
Shares of NVR, Inc. (NYSE NVR) traded up $144.99 on Wednesday, hitting $3,060.01. The stock had a trading volume of 37,087 shares, compared to its average volume of 37,054. NVR, Inc. has a one year low of $1,872.96 and a one year high of $3,700.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.67 and a current ratio of 3.62. The company has a market cap of $10,606.14, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.00 and a beta of 0.54.
NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, January 25th. The construction company reported $43.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $48.95 by ($5.54). NVR had a net margin of 8.70% and a return on equity of 38.72%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the business posted $37.80 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. equities analysts expect that NVR, Inc. will post 188.66 earnings per share for the current fiscal year.
NVR announced that its board has authorized a stock buyback plan on Tuesday, December 12th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Eddie Arthur Grier sold 400 shares of NVR stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $2,968.07, for a total value of $1,187,228.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.30% of the company’s stock.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $3,218.00 price objective on the stock in a research note on Tuesday. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. UBS Group assumed coverage on NVR in a research note on Wednesday, October 25th. They set a “neutral” rating and a $3,450.00 price objective on the stock. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Wells Fargo & Co reiterated a “market perform” rating on shares of NVR in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $3,064.50.
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NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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