Vinva Investment Management Ltd Sells 120 Shares of NVR, Inc. (NYSE:NVR)

Vinva Investment Management Ltd cut its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 28.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308 shares of the construction company's stock after selling 120 shares during the period. Vinva Investment Management Ltd's holdings in NVR were worth $2,518,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NVR. Private Trust Co. NA raised its position in 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 acquiring an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of NVR during the 3rd quarter worth $49,000. EverSource Wealth Advisors LLC raised its holdings in shares of NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after purchasing an additional 3 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of NVR in the 3rd quarter valued at $59,000. Finally, Smartleaf Asset Management LLC boosted its holdings in NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Performance

NVR traded up $158.60 during trading on Monday, hitting $7,343.39. The stock had a trading volume of 24,820 shares, compared to its average volume of 21,047. The firm has a market cap of $21.80 billion, a PE ratio of 14.47, a P/E/G ratio of 2.39 and a beta of 1.25. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 12 month low of $7,015.00 and a 12 month high of $9,964.77. The company has a 50 day simple moving average of $7,606.71 and a 200-day simple moving average of $8,550.75.

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NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping 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%. Analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have weighed in on NVR shares. JPMorgan Chase & Co. cut their target price on 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 raised their price objective on 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $9,356.67.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now owns 1,050 shares in the company, valued at approximately $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 accessible through this hyperlink. Company 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.