Skandinaviska Enskilda Banken AB publ Sells 600 Shares of NVR, Inc. (NYSE:NVR)

Skandinaviska Enskilda Banken AB publ cut its position in NVR, Inc. (NYSE:NVR) by 13.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,018 shares of the construction company’s stock after selling 600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in NVR were worth $32,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Metis Global Partners LLC raised its stake in shares of NVR by 1.8% in the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after buying an additional 2 shares during the period. Private Trust Co. NA raised its stake in shares of NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after buying an additional 2 shares during the period. GAMMA Investing LLC raised its stake in shares of NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock valued at $155,000 after buying an additional 2 shares during the period. Crestmont Private Wealth LLC raised its stake in shares of NVR by 3.9% in the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock valued at $433,000 after buying an additional 2 shares during the period. Finally, Lakewood Asset Management LLC raised its stake in shares of NVR by 0.5% in the fourth quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock valued at $3,206,000 after buying an additional 2 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.00% of the stock is owned by company insiders.

NVR Price Performance

Shares of NYSE NVR opened at $7,129.60 on Friday. The stock has a market cap of $21.32 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The stock has a fifty day moving average of $7,711.52 and a 200-day moving average of $8,647.31.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Equities research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in 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 typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NVR shares. UBS Group lifted their price target on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9,356.67.

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.