SEB Asset Management AB Makes New Investment in NVR, Inc. $NVR

SEB Asset Management AB bought a new position in NVR, Inc. (NYSE:NVR) in the first quarter, Holdings Channel.com reports. The firm bought 1,037 shares of the construction company’s stock, valued at approximately $6,834,000.

A number of other hedge funds also recently made changes to their positions in the stock. Murphy Middleton Hinkle & Parker Inc. acquired a new position in NVR during the 4th quarter worth approximately $11,610,000. AustralianSuper Pty Ltd acquired a new stake in NVR in the fourth quarter valued at approximately $4,835,000. Norges Bank acquired a new stake in NVR in the fourth quarter valued at approximately $311,496,000. SG Americas Securities LLC grew its stake in shares of NVR by 669.5% during the fourth quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock worth $30,863,000 after buying an additional 3,682 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in shares of NVR by 1,245.3% during the third quarter. Tudor Investment Corp ET AL now owns 1,009 shares of the construction company’s stock worth $8,107,000 after buying an additional 934 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NVR shares. Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Bank of America reduced their price objective on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday. UBS Group lowered their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research report on Tuesday, April 7th. Finally, BTIG Research reissued a “buy” rating and set a $8,096.00 price target on shares of NVR in a research note on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVR presently has an average rating of “Hold” and an average target price of $7,478.50.

NVR Trading Down 1.7%

Shares of NYSE NVR opened at $6,339.04 on Wednesday. The firm has a 50 day moving average price of $6,330.51 and a two-hundred day moving average price of $6,803.80. The stock has a market cap of $17.12 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 4.80 and a beta of 0.90. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.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 EPS. NVR’s revenue for the quarter was down 21.7% on a year-over-year basis. As a group, equities analysts forecast that NVR, Inc. will post 371.11 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael J. Devito acquired 11 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 8.60% of the stock is owned by insiders.

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.