Korea Investment CORP Has $19.10 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Korea Investment CORP lessened its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,335 shares of the construction company's stock after selling 421 shares during the period. Korea Investment CORP owned 0.08% of NVR worth $19,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of NVR by 150.0% in 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. Private Trust Co. NA increased its holdings in NVR by 66.7% in 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 period. Wilmington Savings Fund Society FSB acquired a new position in shares of NVR in the 3rd quarter valued at approximately $49,000. Smartleaf Asset Management LLC raised its position in shares of NVR by 75.0% in the 4th 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 in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of NVR during the 3rd quarter worth approximately $59,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on NVR. UBS Group lifted their price objective 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. JPMorgan Chase & Co. lowered their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9,356.67.

Remove Ads

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business'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 transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company's stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is currently owned by insiders.

NVR Price Performance

NVR stock traded down $268.28 during mid-day trading on Thursday, reaching $7,033.79. The company had a trading volume of 7,870 shares, compared to its average volume of 27,037. The business has a fifty day simple moving average of $7,447.70 and a 200 day simple moving average of $8,450.46. The company has a market cap of $20.88 billion, a P/E ratio of 13.86, a P/E/G ratio of 2.39 and a beta of 1.07. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77. 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 issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts' consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership 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.