BI Asset Management Fondsmaeglerselskab A S Sells 572 Shares of NVR, Inc. $NVR

BI Asset Management Fondsmaeglerselskab A S lowered its holdings in shares of NVR, Inc. (NYSE:NVR) by 82.1% during the fourth quarter, Holdings Channel reports. The firm owned 125 shares of the construction company’s stock after selling 572 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in NVR were worth $912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NVR. Oakworth Capital Inc. acquired a new position in NVR in the 4th quarter valued at $36,000. State of Wyoming acquired a new position in NVR in the 2nd quarter valued at $44,000. USA Financial Formulas grew its position in NVR by 75.0% in the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after purchasing an additional 3 shares during the last quarter. Clearstead Advisors LLC grew its position in NVR by 75.0% in the 4th quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock worth $51,000 after purchasing an additional 3 shares during the last quarter. Finally, Zions Bancorporation National Association UT grew its position in NVR by 600.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after purchasing an additional 6 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Transactions at NVR

In other news, Director Michael J. Devito purchased 11 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the acquisition, the director directly 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 available through the SEC website. 8.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NVR has been the topic of several research analyst reports. UBS Group decreased their price target on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BTIG Research restated a “buy” rating and issued a $8,096.00 price target on shares of NVR in a research report on Wednesday, April 22nd. Bank of America decreased their price target on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7,649.33.

NVR Price Performance

Shares of NVR stock opened at $6,306.15 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The firm’s 50-day simple moving average is $6,320.94 and its 200-day simple moving average is $6,990.51. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The firm has a market cap of $17.02 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 4.72 and a beta of 0.93.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $94.83 earnings per share. NVR’s revenue was down 21.7% on a year-over-year basis. As a group, research analysts expect that NVR, Inc. will post 375.15 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 3.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

About NVR

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.