National Pension Service Cuts Stock Position in NVR, Inc. (NYSE:NVR)

National Pension Service trimmed its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,900 shares of the construction company's stock after selling 571 shares during the quarter. National Pension Service owned 0.16% of NVR worth $40,077,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Sprott Inc. boosted its stake in NVR by 27.3% in the fourth quarter. Sprott Inc. now owns 42 shares of the construction company's stock valued at $344,000 after acquiring an additional 9 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of NVR by 2.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,324 shares of the construction company's stock worth $10,829,000 after purchasing an additional 27 shares during the period. Todd Asset Management LLC lifted its stake in NVR by 1.6% in the fourth quarter. Todd Asset Management LLC now owns 4,922 shares of the construction company's stock valued at $40,257,000 after purchasing an additional 76 shares during the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in NVR during the fourth quarter valued at $949,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in NVR in the fourth quarter worth $1,480,000. 83.67% of the stock is currently owned by institutional investors.

Insider Transactions at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR 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 completion of the sale, the director now directly owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.00% of the stock is owned by insiders.

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NVR Price Performance

NVR traded up $63.40 during trading on Tuesday, reaching $7,263.69. 15,134 shares of the company were exchanged, compared to its average volume of 27,297. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The company's 50-day moving average is $7,827.04 and its two-hundred day moving average is $8,720.85. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $21.72 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 2.39 and a beta of 1.20.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has initiated 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 purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Seaport Res Ptn cut NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. dropped their price objective on shares of 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 increased their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $9,356.67.

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.