Skandinaviska Enskilda Banken AB publ Has $25.31 Million Position in NVR, Inc. (NYSE:NVR)

Key Points

• Skandinaviska Enskilda Banken AB has reduced its stake in NVR, Inc. by 13.1%, now holding 3,493 shares worth approximately $25.31 million.
• Analysts have mixed ratings for NVR, with a consensus "hold" rating and a price target averaging $8,783.33, indicating uncertainty regarding the stock's future performance.
• NVR's recent quarterly earnings showed EPS of $108.54, surpassing estimates, while revenue of $2.55 billion slightly exceeded expectations, reflecting resilience amid market headwinds.

Skandinaviska Enskilda Banken AB publ reduced its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 13.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,493 shares of the construction company's stock after selling 525 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.12% of NVR worth $25,305,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in NVR by 11.1% during the fourth quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock worth $164,000 after acquiring an additional 2 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in NVR by 1.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock worth $1,282,000 after acquiring an additional 2 shares in the last quarter. Peak Financial Advisors LLC raised its stake in NVR by 1.3% during the first quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock worth $1,108,000 after acquiring an additional 2 shares in the last quarter. Salvus Wealth Management LLC increased its stake in shares of NVR by 0.6% in the first quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock valued at $2,449,000 after buying an additional 2 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of NVR by 6.9% in the first quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock valued at $225,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NVR. UBS Group raised their target price on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday. JPMorgan Chase & Co. raised their target price on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, NVR has an average rating of "Hold" and a consensus price target of $8,783.33.

NVR Price Performance

NVR stock opened at $7,791.88 on Friday. The business's 50-day simple moving average is $7,343.78 and its 200 day simple moving average is $7,393.56. The stock has a market cap of $22.75 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 8.75 and a beta of 0.99. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a quick ratio of 3.02, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR - Get Free Report) last posted 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. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $120.69 earnings per share. As a group, research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has initiated a stock repurchase plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans 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.

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