Forsta AP Fonden Increases Holdings in NVR, Inc. (NYSE:NVR)

Forsta AP Fonden boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 600 shares of the construction company’s stock after purchasing an additional 10 shares during the period. Forsta AP Fonden’s holdings in NVR were worth $4,907,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. bought a new position in shares of NVR during the 3rd quarter valued at approximately $39,000. JPMorgan Chase & Co. increased its position in NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after acquiring an additional 2,206 shares during the last quarter. Peak Financial Advisors LLC purchased a new stake in shares of NVR in the fourth quarter valued at $1,235,000. Intech Investment Management LLC bought a new stake in shares of NVR in the 3rd quarter worth about $9,341,000. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of NVR by 11.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock worth $24,667,000 after purchasing an additional 250 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NVR. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday. Bank of America decreased their price target 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. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9,356.67.

Insider Activity

In other NVR news, Director David A. Preiser sold 250 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

NVR Trading Down 1.7 %

Shares of NYSE NVR opened at $7,999.06 on Friday. NVR, Inc. has a twelve month low of $7,018.03 and a twelve month high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $8,439.94 and a two-hundred day simple moving average of $8,880.95. The firm has a market cap of $24.48 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.34 and a beta of 1.20.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. Analysts expect that NVR, Inc. will post 521.74 earnings per share for the current fiscal year.

NVR announced that its board has approved a share buyback plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.