NVR, Inc. (NYSE:NVR) Holdings Trimmed by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of NVR, Inc. (NYSE:NVR) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 642 shares of the construction company’s stock after selling 12 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NVR were worth $5,251,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. KBC Group NV raised its position in NVR by 299.9% during the third quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock valued at $55,162,000 after buying an additional 4,216 shares during the period. Curi RMB Capital LLC grew its stake in NVR by 1.3% during the 3rd quarter. Curi RMB Capital LLC now owns 382 shares of the construction company’s stock valued at $3,748,000 after acquiring an additional 5 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of NVR by 1.8% in the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after purchasing an additional 2 shares during the period. CIBC Asset Management Inc lifted its position in shares of NVR by 6.9% in the third quarter. CIBC Asset Management Inc now owns 465 shares of the construction company’s stock worth $4,562,000 after purchasing an additional 30 shares in the last quarter. Finally, Empirical Finance LLC boosted its holdings in shares of NVR by 4.1% during the third quarter. Empirical Finance LLC now owns 101 shares of the construction company’s stock worth $991,000 after purchasing an additional 4 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the 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 transaction, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.00% of the company’s stock.

NVR Trading Up 1.4 %

NYSE:NVR opened at $7,228.03 on Friday. The company has a market capitalization of $21.61 billion, a P/E ratio of 14.24, a P/E/G ratio of 2.39 and a beta of 1.25. The stock’s 50 day moving average price is $7,677.46 and its 200 day moving average price is $8,623.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings results 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 net margin of 16.34% and a return on equity of 39.67%. On average, research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NVR. UBS Group increased their target price 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. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR 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.