KBC Group NV Sells 4,009 Shares of NVR, Inc. (NYSE:NVR)

KBC Group NV decreased its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 71.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,613 shares of the construction company's stock after selling 4,009 shares during the period. KBC Group NV owned about 0.05% of NVR worth $13,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. bought a new position in NVR in the 3rd quarter valued at $39,000. JPMorgan Chase & Co. raised its holdings in shares of NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock valued at $136,580,000 after buying an additional 2,206 shares during the last quarter. Peak Financial Advisors LLC acquired a new position in NVR during the 4th quarter worth about $1,235,000. Intech Investment Management LLC bought a new stake in NVR during the 3rd quarter worth about $9,341,000. Finally, Brown Brothers Harriman & Co. increased its position in NVR by 11.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company's stock valued at $24,667,000 after acquiring an additional 250 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NVR. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday. UBS Group lifted their price target 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. Seaport Res Ptn lowered shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Finally, Bank of America lowered their target price on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Four equities 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.com, NVR has an average rating of "Hold" and a consensus target price of $9,356.67.

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company's stock.

NVR Trading Up 2.1 %

Shares of NVR stock traded up $164.82 on Thursday, reaching $8,129.83. The company had a trading volume of 13,574 shares, compared to its average volume of 27,843. The company has a 50-day moving average of $8,477.09 and a 200-day moving average of $8,886.61. NVR, Inc. has a 12 month low of $7,018.03 and a 12 month high of $9,964.77. The stock has a market cap of $24.88 billion, a PE ratio of 16.69, a PEG ratio of 1.67 and a beta of 1.20. 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 announced its quarterly earnings results 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 net margin of 16.51% and a return on equity of 38.20%. On average, equities analysts forecast that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR declared that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management 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.