Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 170 Shares of NVR, Inc. (NYSE:NVR)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of NVR, Inc. (NYSE:NVR) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 674 shares of the construction company’s stock after selling 170 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NVR were worth $5,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVR. Blue Trust Inc. bought a new stake in shares of NVR during the third quarter valued at about $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR during the third quarter valued at about $39,000. Private Trust Co. NA increased 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 buying an additional 2 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of NVR during the third quarter valued at about $49,000. Finally, Quantbot Technologies LP bought a new stake in shares of NVR during the third quarter valued at about $59,000. 83.67% of the stock is currently owned by institutional investors.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is owned by corporate insiders.

NVR Stock Up 3.8 %

Shares of NVR opened at $7,327.60 on Wednesday. The firm has a market cap of $21.91 billion, a P/E ratio of 14.44, a P/E/G ratio of 2.39 and a beta of 1.20. The stock has a 50 day simple moving average of $7,907.73 and a two-hundred day simple moving average of $8,759.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share 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 forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. decreased 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. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, UBS Group upped their price objective 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, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9,356.67.

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.