Zurcher Kantonalbank Zurich Cantonalbank Sells 633 Shares of NVR, Inc. (NYSE:NVR)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in NVR, Inc. (NYSE:NVR - Free Report) by 54.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 529 shares of the construction company's stock after selling 633 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in NVR were worth $3,703,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. AE Wealth Management LLC lifted its holdings in NVR by 5.7% in the third quarter. AE Wealth Management LLC now owns 37 shares of the construction company's stock valued at $221,000 after buying an additional 2 shares during the period. Global Retirement Partners LLC boosted its stake in NVR by 5.0% in the third quarter. Global Retirement Partners LLC now owns 42 shares of the construction company's stock valued at $249,000 after acquiring an additional 2 shares during the last quarter. Castleview Partners LLC boosted its stake in NVR by 4.3% in the third quarter. Castleview Partners LLC now owns 72 shares of the construction company's stock valued at $429,000 after acquiring an additional 3 shares during the last quarter. Brighton Jones LLC boosted its stake in NVR by 8.1% in the third quarter. Brighton Jones LLC now owns 40 shares of the construction company's stock valued at $239,000 after acquiring an additional 3 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its stake in NVR by 14.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 24 shares of the construction company's stock valued at $143,000 after acquiring an additional 3 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Transactions at NVR

In related news, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company's stock, valued at approximately $813,314,665.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the sale, the chairman now directly owns 106,860 shares in the company, valued at $813,314,665.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel David Malzahn sold 2,000 shares of NVR stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the sale, the chief financial officer now owns 13,209 shares of the company's stock, valued at $95,802,631.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,981 shares of company stock valued at $59,155,947. Company insiders own 7.00% of the company's stock.

NVR Price Performance

Shares of NYSE:NVR traded up $28.32 during trading on Tuesday, reaching $7,835.11. The company had a trading volume of 21,335 shares, compared to its average volume of 19,047. The company has a fifty day moving average of $7,727.23 and a two-hundred day moving average of $6,955.26. The stock has a market capitalization of $25.07 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 2.79 and a beta of 1.13. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40. The company has a current ratio of 6.10, a quick ratio of 3.90 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, beating the consensus estimate of $121.50 by $0.06. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.61 billion. NVR had a net margin of 17.09% and a return on equity of 38.50%. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $133.44 EPS. Equities research analysts forecast that NVR, Inc. will post 499.45 earnings per share for the current year.

NVR declared that its board has approved a stock buyback plan on Wednesday, February 14th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, February 15th.

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.