KLP Kapitalforvaltning AS Buys Shares of 2,100 NVR, Inc. (NYSE:NVR)

KLP Kapitalforvaltning AS purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,100 shares of the construction company's stock, valued at approximately $17,176,000. KLP Kapitalforvaltning AS owned approximately 0.07% of NVR at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after purchasing an additional 3 shares during the period. Private Trust Co. NA increased its position in shares of 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 purchasing an additional 2 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of NVR in the 3rd quarter worth $49,000. Smartleaf Asset Management LLC lifted its holdings in shares of NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after buying an additional 3 shares during the period. Finally, Quantbot Technologies LP bought a new stake in NVR in the third quarter worth about $59,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NVR shares. JPMorgan Chase & Co. reduced their price objective on shares of 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. UBS Group raised their target price 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 analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $9,356.67.

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Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction on 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 transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company's stock.

NVR Trading Down 2.1 %

NVR stock traded down $151.34 during mid-day trading on Friday, reaching $7,163.11. 19,501 shares of the stock traded hands, compared to its average volume of 21,724. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The stock's fifty day moving average is $7,514.50 and its 200-day moving average is $8,495.82. The company has a market cap of $21.27 billion, a P/E ratio of 14.11, a P/E/G ratio of 2.39 and a beta of 1.25. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has approved a share 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 often a sign that the company's management believes its stock is 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.