332 Shares in NVR, Inc. (NYSE:NVR) Purchased by Avanza Fonder AB

Avanza Fonder AB bought a new stake in NVR, Inc. (NYSE:NVR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 332 shares of the construction company’s stock, valued at approximately $2,715,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in shares of NVR by 520.0% in the second quarter. Renaissance Technologies LLC now owns 2,480 shares of the construction company’s stock valued at $18,820,000 after purchasing an additional 2,080 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in NVR by 3.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 199 shares of the construction company’s stock valued at $1,510,000 after buying an additional 6 shares during the period. XTX Topco Ltd acquired a new position in shares of NVR in the second quarter worth $979,000. MQS Management LLC purchased a new stake in shares of NVR during the second quarter worth $250,000. Finally, Brighton Jones LLC increased its position in shares of NVR by 87.2% during the second quarter. Brighton Jones LLC now owns 73 shares of the construction company’s stock worth $554,000 after acquiring an additional 34 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on NVR. Bank of America lowered their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. UBS Group lowered their price objective on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9,531.67.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was 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 $1,965,600. This represents a 65.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction that occurred 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 transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock worth $7,294,073 in the last ninety days. 7.00% of the stock is owned by corporate insiders.

NVR Price Performance

Shares of NYSE NVR opened at $8,381.72 on Friday. The stock’s 50-day simple moving average is $8,605.45 and its 200-day simple moving average is $8,841.52. The firm has a market capitalization of $25.65 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. NVR, Inc. has a fifty-two week low of $6,800.00 and a fifty-two week 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 released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the business posted $125.26 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

NVR 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.