Forsta AP Fonden Sells 80 Shares of NVR, Inc. (NYSE:NVR)

Key Points

• Forsta AP Fonden reduced its holdings in NVR, Inc. by 13.3% in the first quarter, now owning 520 shares valued at $3,767,000.
• Institutional investors and hedge funds collectively own 83.67% of NVR's stock, with multiple firms making significant purchases recently.
• NVR authorized a $750 million stock repurchase program, indicating management's belief that the company's shares are undervalued.

Forsta AP Fonden cut its stake in NVR, Inc. (NYSE:NVR - Free Report) by 13.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 520 shares of the construction company's stock after selling 80 shares during the period. Forsta AP Fonden's holdings in NVR were worth $3,767,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVR. GAMMA Investing LLC grew its position in NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after acquiring an additional 159,358 shares during the last quarter. Capital Research Global Investors grew its position in NVR by 11.7% during the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock worth $880,099,000 after acquiring an additional 11,274 shares during the last quarter. Siemens Fonds Invest GmbH grew its position in NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after acquiring an additional 57,236 shares during the last quarter. Principal Financial Group Inc. grew its position in NVR by 5.3% during the 1st quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock worth $408,236,000 after acquiring an additional 2,814 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in NVR by 3.7% during the 4th quarter. Nuveen Asset Management LLC now owns 43,554 shares of the construction company's stock worth $356,224,000 after acquiring an additional 1,564 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Ratings Changes

NVR has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group boosted their price objective on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $8,783.33.

NVR Stock Up 0.5%

NVR stock traded up $38.64 during trading on Friday, reaching $8,237.19. 7,928 shares of the stock were exchanged, compared to its average volume of 22,991. 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 firm's 50 day moving average is $7,554.62 and its 200 day moving average is $7,361.57. The firm has a market cap of $23.64 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 11.87 and a beta of 0.94. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%. NVR's revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $120.69 earnings per share. As a group, research analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

NVR Company 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.