Asset Management One Co. Ltd. Sells 62 Shares of NVR, Inc. (NYSE:NVR)

Asset Management One Co. Ltd. cut its stake in NVR, Inc. (NYSE:NVR - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,212 shares of the construction company's stock after selling 62 shares during the period. Asset Management One Co. Ltd.'s holdings in NVR were worth $9,949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its holdings in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company's stock valued at $3,562,046,000 after purchasing an additional 363,004 shares during the last quarter. Jennison Associates LLC bought a new position in NVR in the third quarter valued at $348,545,000. Mizuho Securities USA LLC increased its stake in NVR by 6,454.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company's stock valued at $162,071,000 after buying an additional 16,266 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in NVR by 254.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company's stock worth $87,001,000 after buying an additional 6,363 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of NVR by 299.9% during the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company's stock worth $55,162,000 after buying an additional 4,216 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 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. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 7.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NVR. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price objective on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Finally, UBS Group raised 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $9,356.67.

NVR Stock Performance

NVR stock traded down $173.61 during midday trading on Friday, reaching $7,084.39. 34,580 shares of the company's stock were exchanged, compared to its average volume of 27,608. The stock's 50-day simple moving average is $7,959.67 and its 200 day simple moving average is $8,770.32. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 2.33 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 52 week low of $7,073.38 and a 52 week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating 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, analysts expect that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows 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 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.