NVR, Inc. (NYSE:NVR) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,210 shares of the construction company’s stock after selling 240 shares during the quarter. Swiss National Bank owned about 0.32% of NVR worth $71,475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of NVR during the 4th quarter valued at $35,000. Criterion Capital Advisors LLC acquired a new position in NVR during the fourth quarter worth about $42,000. Allworth Financial LP raised its position in NVR by 100.0% in the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after acquiring an additional 4 shares in the last quarter. GAMMA Investing LLC acquired a new stake in NVR in the 4th quarter valued at about $78,000. Finally, Planned Solutions Inc. bought a new position in shares of NVR during the 4th quarter valued at about $91,000. Institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NYSE NVR opened at $7,586.55 on Monday. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The company has a market cap of $24.05 billion, a PE ratio of 15.81, a PEG ratio of 3.20 and a beta of 1.13. The stock’s 50-day moving average price is $7,745.49 and its two-hundred day moving average price is $7,036.97.

NVR (NYSE:NVR) last released its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping the consensus estimate of $103.97 by $12.44. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $99.89 earnings per share. On average, analysts predict that NVR, Inc. will post 487.53 EPS for the current year.

NVR announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 14th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Susan Williamson Ross sold 250 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the completion of the sale, the director now owns 405 shares in the company, valued at $2,974,700.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,684,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Williamson Ross sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the sale, the director now owns 405 shares of the company’s stock, valued at $2,974,700.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,481 shares of company stock worth $62,949,052. Corporate insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

NVR has been the topic of a number of research reports. UBS Group boosted their target price on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

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.