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

Swiss National Bank lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,290 shares of the construction company’s stock after selling 170 shares during the period. Swiss National Bank owned 0.30% of NVR worth $91,152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Massmutual Trust Co. FSB ADV grew its stake in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the last quarter. Blue Trust Inc. purchased a new position in NVR during the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. purchased a new position in NVR during the 3rd quarter worth approximately $39,000. Redwood Wealth Management Group LLC purchased a new position in NVR during the 2nd quarter worth approximately $46,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in NVR during the 2nd quarter worth approximately $53,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Transactions at NVR

In other news, Director David A. Preiser sold 250 shares of NVR stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. This represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 over the last three months. 7.00% of the stock is currently owned by insiders.

NVR Stock Performance

Shares of NVR stock opened at $8,860.00 on Tuesday. The stock has a fifty day moving average price of $9,438.84 and a 200 day moving average price of $8,562.80. The stock has a market cap of $27.15 billion, a PE ratio of 18.11, a P/E/G ratio of 1.94 and a beta of 1.20. NVR, Inc. has a 1 year low of $6,052.58 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the firm posted $125.26 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts forecast that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. UBS Group lifted their target price on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America lowered their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8,783.33.

About NVR

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.