Sumitomo Mitsui Trust Group Inc. decreased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,275 shares of the construction company's stock after selling 270 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of NVR worth $59,501,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in NVR during the 3rd quarter valued at $39,000. Rakuten Securities Inc. bought a new position in shares of NVR during the third quarter valued at about $39,000. Private Trust Co. NA lifted its position in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of NVR in the 3rd quarter worth approximately $49,000. Finally, Quantbot Technologies LP purchased a new position in shares of NVR in the 3rd quarter worth approximately $59,000. Institutional investors own 83.67% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on NVR. UBS Group boosted their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Bank of America lowered their target price on NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Seaport Res Ptn cut 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. Finally, JPMorgan Chase & Co. lowered 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 research report 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's stock. According to data from MarketBeat, NVR presently has a consensus rating of "Hold" and an average price target of $9,356.67.
View Our Latest Research Report on NVR
Insider Buying and Selling at NVR
In other news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction dated Monday, February 10th. The stock was 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 in the company, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 7.00% of the company's stock.
NVR Stock Performance
NVR stock traded up $36.07 during midday trading on Thursday, reaching $7,336.44. The stock had a trading volume of 25,720 shares, compared to its average volume of 26,806. NVR, Inc. has a 12 month low of $7,227.09 and a 12 month high of $9,964.77. The firm's 50-day moving average price is $8,153.80 and its 200 day moving average price is $8,824.52. The firm has a market capitalization of $22.45 billion, a PE ratio of 14.46, a P/E/G ratio of 2.51 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.
NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. As a group, research analysts predict that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.
NVR announced that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.
About NVR
(
Free Report)
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.
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