NVR, Inc. $NVR Stock Holdings Trimmed by BI Asset Management Fondsmaeglerselskab A S

Key Points

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BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,092 shares of the construction company's stock after selling 165 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.11% of NVR worth $22,400,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Spire Wealth Management boosted its stake in NVR by 21.2% during the first quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after buying an additional 11 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in NVR by 12.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock worth $2,377,000 after buying an additional 36 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in NVR by 5.2% during the first quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock worth $9,237,000 after buying an additional 63 shares during the last quarter. GAMMA Investing LLC boosted its stake in NVR by 15.8% during the first quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock worth $159,000 after buying an additional 3 shares during the last quarter. Finally, Vise Technologies Inc. boosted its stake in NVR by 105.7% during the fourth quarter. Vise Technologies Inc. now owns 109 shares of the construction company's stock worth $892,000 after buying an additional 56 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at $1,684,800. This trade represents a 74.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the transaction, the director directly owned 386 shares of the company's stock, valued at $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group boosted their price objective on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $8,783.33.

NVR Trading Up 3.4%

NVR traded up $269.9250 during mid-day trading on Friday, hitting $8,223.8250. 17,357 shares of the stock were exchanged, compared to its average volume of 15,754. The firm's fifty day moving average is $7,660.46 and its two-hundred day moving average is $7,369.45. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The company has a market cap of $23.60 billion, a PE ratio of 17.36, a PEG ratio of 11.06 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping the consensus estimate of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%.The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the business earned $120.69 EPS. NVR's revenue was down .5% on a year-over-year basis. Equities 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 approved a share buyback program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors 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.