Avanza Fonder AB Acquires New Stake in NVR, Inc. (NYSE:NVR)

Avanza Fonder AB acquired a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 332 shares of the construction company's stock, valued at approximately $2,715,000.

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

Insider Transactions at NVR

In other news, Director David A. Preiser sold 250 shares of the 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 transaction of $2,325,660.00. Following the transaction, the director now owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of the business's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company's stock, valued at approximately $2,186,679. The trade was a 35.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock valued at $7,294,073 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

NVR Stock Performance

NYSE NVR traded up $25.91 on Friday, hitting $8,381.72. 56,741 shares of the company's stock traded hands, compared to its average volume of 22,202. The firm's 50-day moving average price is $8,605.45 and its two-hundred day moving average price is $8,841.52. The firm has a market capitalization of $25.65 billion, a PE ratio of 17.13, a P/E/G ratio of 1.57 and a beta of 1.20. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 1-year low of $6,800.00 and a 1-year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) 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 net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the previous year, the business posted $125.26 EPS. The business's quarterly revenue was up 6.6% on a year-over-year basis. As a group, analysts expect that NVR, Inc. will post 494.48 EPS for the current year.

NVR announced that its board has approved a share repurchase program 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 programs are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

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

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.