UBS Group AG Lowers Holdings in NVR, Inc. $NVR

UBS Group AG lessened its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 25.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,878 shares of the construction company's stock after selling 3,441 shares during the period. UBS Group AG owned 0.35% of NVR worth $72,038,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVR. waypoint wealth counsel acquired a new stake in NVR during the fourth quarter worth approximately $204,000. B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of NVR by 9.7% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 193 shares of the construction company's stock valued at $1,408,000 after buying an additional 17 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of NVR by 10.8% in the 4th quarter. Teacher Retirement System of Texas now owns 5,461 shares of the construction company's stock valued at $39,826,000 after buying an additional 533 shares during the last quarter. M&T Bank Corp grew its position in shares of NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company's stock valued at $413,777,000 after buying an additional 56,576 shares during the last quarter. Finally, Davidson Kahn Capital Management LLC raised its stake in NVR by 1.9% during the 4th quarter. Davidson Kahn Capital Management LLC now owns 324 shares of the construction company's stock worth $2,363,000 after acquiring an additional 6 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito bought 11 shares of the company's stock in a transaction on Friday, April 24th. The shares were bought at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the transaction, the director owned 25 shares of the company's stock, valued at approximately $167,487.50. This trade represents a 78.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the transaction, the chief accounting officer directly owned 208 shares of the company's stock, valued at approximately $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,120 shares of company stock valued at $9,012,736. 8.60% of the stock is owned by corporate insiders.

NVR Stock Up 0.2%

NVR stock opened at $6,165.39 on Monday. NVR, Inc. has a one year low of $6,151.52 and a one year high of $8,618.28. The stock has a market capitalization of $17.14 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 4.32 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. The company has a fifty day moving average of $6,780.56 and a 200-day moving average of $7,245.76.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $79.97 by ($12.21). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. NVR had a return on equity of 31.82% and a net margin of 12.93%.The company's revenue was down 21.7% compared to the same quarter last year. During the same quarter last year, the firm earned $94.83 earnings per share. As a group, analysts expect that NVR, Inc. will post 393.81 EPS for the current year.

NVR announced that its board has approved a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NVR. Zelman & Associates raised shares of NVR from a "sell" rating to a "hold" rating and set a $7,675.00 price target for the company in a research report on Thursday, January 29th. UBS Group dropped their price objective on NVR from $8,100.00 to $7,700.00 and set a "neutral" rating on the stock in a report on Thursday, April 23rd. Wall Street Zen cut NVR from a "hold" rating to a "sell" rating in a research report on Saturday, April 25th. Seaport Research Partners reissued a "sell" rating and issued a $5,664.00 target price on shares of NVR in a research report on Tuesday, April 7th. Finally, BTIG Research restated a "buy" rating and set a $8,096.00 price target on shares of NVR in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $7,649.33.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.

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