Robeco Institutional Asset Management B.V. Sells 4,334 Shares of NVR, Inc. (NYSE:NVR)

Robeco Institutional Asset Management B.V. lowered its position in NVR, Inc. (NYSE:NVR - Free Report) by 60.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,813 shares of the construction company's stock after selling 4,334 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.09% of NVR worth $20,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NVR. JDM Financial Group LLC purchased a new position in shares of NVR in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC grew its position in shares of NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after acquiring an additional 3 shares in the last quarter. CX Institutional acquired a new position in NVR in the first quarter worth $43,000. Smartleaf Asset Management LLC grew its position in shares of NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after buying an additional 3 shares during the last quarter. Finally, Franchise Capital Ltd acquired a new stake in shares of NVR during the 1st quarter worth approximately $51,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen cut NVR from a "hold" rating to a "sell" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $9,023.33.

NVR Price Performance

Shares of NVR stock traded up $93.72 during midday trading on Wednesday, hitting $7,761.57. 13,963 shares of the company were exchanged, compared to its average volume of 22,143. The firm has a 50 day simple moving average of $7,180.36 and a 200-day simple moving average of $7,459.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02. The firm has a market cap of $22.66 billion, a P/E ratio of 15.98, a PEG ratio of 4.02 and a beta of 0.99. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 38.32% and a net margin of 15.33%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. Research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has authorized a stock repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is 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.