NVR, Inc. (NYSE:NVR) Holdings Trimmed by ING Groep NV

ING Groep NV reduced its stake in NVR, Inc. (NYSE:NVR - Free Report) by 95.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 82 shares of the construction company's stock after selling 1,909 shares during the quarter. ING Groep NV's holdings in NVR were worth $594,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NVR. JDM Financial Group LLC acquired a new position in shares of NVR in the fourth quarter worth $25,000. Olde Wealth Management LLC purchased a new position in NVR in the first quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in NVR during the 1st quarter worth $36,000. Ridgewood Investments LLC boosted its stake in shares of NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after buying an additional 3 shares during the period. Finally, CX Institutional acquired a new position in shares of NVR during the first quarter worth about $43,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling

In other news, Director Susan Williamson Ross sold 125 shares of the stock in a transaction 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 sale, the director owned 386 shares of the company's stock, valued at $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVR shares. UBS Group lifted their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. Finally, JPMorgan Chase & Co. lifted their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $8,783.33.

NVR Stock Performance

Shares of NVR traded up $20.98 during mid-day trading on Friday, reaching $7,851.42. 13,301 shares of the company's stock were exchanged, compared to its average volume of 17,849. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The stock has a market capitalization of $22.53 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 11.13 and a beta of 0.94. The business's fifty day simple moving average is $7,479.26 and its 200-day simple moving average is $7,368.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating the consensus estimate of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter last year, the business earned $120.69 earnings per share. The business's revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has authorized a stock repurchase program on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows 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 leadership believes its shares are 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.