Norges Bank Buys Shares of 36,147 NVR, Inc. (NYSE:NVR)

Norges Bank purchased a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,147 shares of the construction company's stock, valued at approximately $295,643,000. Norges Bank owned approximately 1.18% of NVR at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Private Trust Co. NA raised its stake in 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 last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR during the third quarter worth $49,000. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 3 shares during the period. Quantbot Technologies LP purchased a new stake in NVR during the 3rd quarter valued at about $59,000. Finally, Smartleaf Asset Management LLC boosted its position in 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 last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

NYSE NVR traded down $268.28 on Thursday, hitting $7,033.79. The company had a trading volume of 7,870 shares, compared to its average volume of 21,729. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The company has a market capitalization of $20.88 billion, a PE ratio of 13.86, a PEG ratio of 2.39 and a beta of 1.07. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The company's fifty day moving average price is $7,447.70 and its 200-day moving average price is $8,450.46.

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NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (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%. As a group, analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently commented on NVR shares. JPMorgan Chase & Co. dropped their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. UBS Group boosted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Four equities research 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 stock currently has an average rating of "Hold" and a consensus target price of $9,356.67.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm's 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 value of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company's stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 7.80% of the company's stock.

NVR 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.