Swiss National Bank Trims Stock Position in NVR, Inc. (NYSE:NVR)

Swiss National Bank trimmed its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 1.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,290 shares of the construction company's stock after selling 170 shares during the period. Swiss National Bank owned 0.30% of NVR worth $91,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC lifted its stake in NVR by 84.8% in the first quarter. Intech Investment Management LLC now owns 85 shares of the construction company's stock valued at $688,000 after buying an additional 39 shares during the last quarter. UniSuper Management Pty Ltd grew its position in NVR by 312.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 165 shares of the construction company's stock worth $1,336,000 after purchasing an additional 125 shares during the last quarter. Bessemer Group Inc. increased its stake in NVR by 356.5% in the first quarter. Bessemer Group Inc. now owns 388 shares of the construction company's stock valued at $3,143,000 after purchasing an additional 303 shares during the period. Natixis purchased a new stake in shares of NVR in the first quarter valued at about $7,914,000. Finally, Shell Asset Management Co. boosted its stake in shares of NVR by 6.5% during the first quarter. Shell Asset Management Co. now owns 462 shares of the construction company's stock worth $3,742,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

NVR has been the subject of several analyst reports. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. StockNews.com cut NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. UBS Group lifted their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Bank of America cut their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $8,783.33.

NVR Price Performance

NYSE:NVR traded up $80.37 during trading hours on Tuesday, hitting $8,946.00. The company's stock had a trading volume of 12,262 shares, compared to its average volume of 19,129. The company has a market capitalization of $27.37 billion, a PE ratio of 17.95, a PEG ratio of 1.94 and a beta of 1.20. NVR, Inc. has a 52-week low of $6,052.58 and a 52-week high of $9,964.77. The business's 50-day moving average is $9,438.84 and its two-hundred day moving average is $8,562.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts' consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The company had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the prior year, the firm posted $125.26 EPS. The firm's quarterly revenue was up 6.6% on a year-over-year basis. As a group, research analysts anticipate that NVR, Inc. will post 494.48 EPS for the current fiscal year.

Insider Activity at NVR

In related news, Director David A. Preiser sold 250 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now owns 239 shares of the company's stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares of the company's stock, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 in the last ninety days. Corporate insiders own 7.00% of the company's stock.

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.