NVR, Inc. $NVR Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in NVR, Inc. (NYSE:NVR) by 36.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 974 shares of the construction company’s stock after buying an additional 260 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NVR were worth $6,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. DV Equities LLC purchased a new position in NVR in the 4th quarter valued at approximately $29,000. Strive Financial Group LLC purchased a new position in NVR in the fourth quarter valued at $29,000. Oakworth Capital Inc. purchased a new stake in NVR during the 4th quarter worth about $36,000. State of Wyoming purchased a new stake in NVR during the second quarter worth approximately $44,000. Finally, USA Financial Formulas boosted its holdings in shares of NVR by 75.0% in the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVR. UBS Group lowered their target price 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 raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America lowered their target price 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. BTIG Research reissued a “buy” rating and issued a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Finally, Truist Financial cut their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7,649.33.

Insider Buying and Selling

In related news, Director Michael J. Devito acquired 11 shares of NVR 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 completion of the purchase, the director directly owned 25 shares in the company, valued at $167,487.50. This trade represents a 78.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.

NVR Stock Performance

Shares of NVR stock opened at $6,738.57 on Monday. 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 has a market capitalization of $18.19 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 5.01 and a beta of 0.90. The company has a 50 day moving average price of $6,258.33 and a 200 day moving average price of $6,879.94. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28.

NVR (NYSE:NVR) last posted 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). NVR had a net margin of 12.93% and a return on equity of 32.66%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the firm posted $94.83 EPS. NVR’s revenue was down 21.7% on a year-over-year basis. Sell-side analysts anticipate that NVR, Inc. will post 372.53 EPS for the current year.

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.