NVR, Inc. $NVR is Livforsakringsbolaget Skandia Omsesidigt's 3rd Largest Position

Key Points

• Livforsakringsbolaget Skandia Omsesidigt dramatically increased its holdings in NVR, Inc. by 9,358.6% in Q2, now owning approximately 48,239 shares worth about $356.3 million.
• Wall Street analysts have raised NVR's price target, with JPMorgan Chase increasing it from $7,200 to $7,600 and UBS raising it to $8,150, while the consensus rating remains a "Hold".
• NVR reported a quarterly EPS of $108.54, exceeding expectations, but noted a 0.5% decline in year-over-year revenue.

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 9,358.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,239 shares of the construction company's stock after purchasing an additional 47,729 shares during the quarter. NVR comprises approximately 0.4% of Livforsakringsbolaget Skandia Omsesidigt's investment portfolio, making the stock its 3rd biggest position. Livforsakringsbolaget Skandia Omsesidigt owned 1.65% of NVR worth $356,277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of NVR by 35.0% during the 2nd quarter. Parallel Advisors LLC now owns 54 shares of the construction company's stock worth $399,000 after buying an additional 14 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of NVR in the 1st quarter valued at about $854,000. Inspire Investing LLC increased its position in shares of NVR by 144.2% in the first quarter. Inspire Investing LLC now owns 403 shares of the construction company's stock valued at $2,919,000 after buying an additional 238 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of NVR during the 1st quarter worth approximately $283,000. Finally, SCS Capital Management LLC purchased a new stake in shares of NVR during the first quarter worth about $427,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan Williamson Ross sold 125 shares of the business's stock in a transaction dated 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 sale, the director directly owned 386 shares in the company, valued at $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 975 shares of company stock valued at $7,869,360. 7.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NVR shares. JPMorgan Chase & Co. boosted their target price on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. UBS Group raised 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 report on Thursday, July 24th. Finally, Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

NVR Stock Performance

Shares of NVR stock traded down $74.57 during trading on Friday, reaching $8,103.91. The company's stock had a trading volume of 45,304 shares, compared to its average volume of 16,944. The business's fifty day moving average price is $7,998.04 and its 200-day moving average price is $7,495.91. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The firm has a market cap of $23.26 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 11.37 and a beta of 0.95.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (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 for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm posted $120.69 EPS. The business's revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

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.