Livforsakringsbolaget Skandia Omsesidigt Reduces Position in NVR, Inc. (NYSE:NVR)

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in NVR, Inc. (NYSE:NVR - Free Report) by 24.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510 shares of the construction company's stock after selling 165 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in NVR were worth $3,695,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NVR. JDM Financial Group LLC purchased a new stake in NVR in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC grew its holdings in NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after purchasing an additional 3 shares during the period. Smartleaf Asset Management LLC grew its holdings in NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares during the period. Franchise Capital Ltd purchased a new stake in NVR in the first quarter worth about $51,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in NVR by 60.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock worth $65,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NVR has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. UBS Group cut their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, NVR presently has a consensus rating of "Hold" and an average price target of $9,023.33.

NVR Stock Performance

NVR stock traded down $169.98 on Friday, hitting $7,216.34. The company had a trading volume of 17,700 shares, compared to its average volume of 22,088. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The stock's 50-day simple moving average is $7,150.07 and its 200 day simple moving average is $7,617.35. The stock has a market cap of $21.10 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 2.39 and a beta of 0.99.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities research analysts expect 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 repurchase program on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership 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.