First Hawaiian Bank Has $875,000 Position in NVR, Inc. (NYSE:NVR)

First Hawaiian Bank decreased its position in NVR, Inc. (NYSE:NVR - Free Report) by 53.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107 shares of the construction company's stock after selling 121 shares during the quarter. First Hawaiian Bank's holdings in NVR were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pensionfund Sabic grew its stake in shares of NVR by 40.0% during the 4th quarter. Pensionfund Sabic now owns 175 shares of the construction company's stock valued at $1,431,000 after buying an additional 50 shares during the period. Nordea Investment Management AB lifted its position in shares of NVR by 8.7% during the fourth quarter. Nordea Investment Management AB now owns 262 shares of the construction company's stock worth $2,158,000 after purchasing an additional 21 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of NVR in the fourth quarter valued at $409,000. GAMMA Investing LLC boosted its position in NVR by 11.8% in the 4th 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 last quarter. Finally, JPMorgan Chase & Co. grew its stake in NVR by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock valued at $136,580,000 after purchasing an additional 2,206 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Price Performance

NVR stock traded down $175.90 during trading on Friday, hitting $7,830.05. The company had a trading volume of 25,822 shares, compared to its average volume of 29,154. NVR, Inc. has a fifty-two week low of $6,800.00 and a fifty-two week high of $9,964.77. The firm has a market capitalization of $23.99 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 1.84 and a beta of 1.20. The business has a 50 day moving average of $8,714.04 and a 200 day moving average of $8,828.65. 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 (NYSE:NVR - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the company posted $125.26 earnings per share. NVR's revenue was up 6.6% compared to the same quarter last year. As a group, research analysts predict that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a share buyback 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 shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its stock is undervalued.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 125 shares of the firm's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Preiser sold 250 shares of the stock in a transaction 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 directly owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 775 shares of company stock worth $7,294,073. Insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

NVR has been the subject of several research analyst reports. Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. UBS Group dropped their target price on shares of NVR from $9,450.00 to $8,750.00 and set a "neutral" rating on the stock in a report on Wednesday. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Bank of America cut their target price on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, NVR presently has a consensus rating of "Hold" and a consensus target price 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.