NVR, Inc. (NYSE:NVR) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 13.3% in the 1st quarter, Holdings Channel reports. The firm owned 520 shares of the construction company’s stock after selling 80 shares during the period. Forsta AP Fonden’s holdings in NVR were worth $3,767,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JDM Financial Group LLC acquired a new stake in NVR in the 4th quarter valued at about $25,000. Olde Wealth Management LLC acquired a new stake in NVR in the 1st quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in NVR in the 1st quarter valued at about $36,000. Ridgewood Investments LLC raised its holdings in NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock valued at $36,000 after acquiring an additional 3 shares during the last quarter. Finally, CX Institutional acquired a new stake in NVR in the 1st quarter valued at about $43,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. raised their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, UBS Group raised their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average target price of $8,783.33.

NVR Price Performance

NVR stock opened at $7,807.69 on Tuesday. The company has a 50-day moving average price of $7,494.69 and a 200 day moving average price of $7,351.91. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The stock has a market cap of $22.41 billion, a P/E ratio of 16.48, a PEG ratio of 11.17 and a beta of 0.94.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating analysts’ consensus estimates of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the company posted $120.69 earnings per share. NVR’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has authorized a stock repurchase plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other NVR news, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the transaction, the director owned 386 shares of the company’s stock, valued at $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.80% of the stock is owned by insiders.

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.