DnB Asset Management AS Buys 13 Shares of NVR, Inc. (NYSE:NVR)

DnB Asset Management AS raised its stake in NVR, Inc. (NYSE:NVR) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 549 shares of the construction company’s stock after acquiring an additional 13 shares during the period. DnB Asset Management AS’s holdings in NVR were worth $4,490,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NVR. Private Trust Co. NA raised its holdings in NVR by 66.7% during the 3rd 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 last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of NVR during the third quarter valued at about $49,000. EverSource Wealth Advisors LLC boosted its holdings in shares of NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after purchasing an additional 3 shares during the period. Quantbot Technologies LP bought a new stake in shares of NVR in the third quarter worth about $59,000. Finally, Smartleaf Asset Management LLC raised its position in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

NVR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. UBS Group upped their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a 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 MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

Insider Buying and Selling

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on Monday, February 10th. The shares were 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 approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is currently owned by insiders.

NVR Trading Down 2.1 %

NVR opened at $7,163.11 on Monday. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77. The stock has a market cap of $21.27 billion, a PE ratio of 14.11, a PEG ratio of 2.39 and a beta of 1.25. The business has a 50 day moving average of $7,514.50 and a 200-day moving average of $8,487.31.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating 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 predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

NVR Company 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.