Handelsbanken Fonder AB Has $13.94 Million Holdings in NVR, Inc. (NYSE:NVR)

Handelsbanken Fonder AB lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,704 shares of the construction company’s stock after selling 67 shares during the period. Handelsbanken Fonder AB’s holdings in NVR were worth $13,937,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NVR. Blue Trust Inc. bought a new stake in shares of NVR during the 3rd quarter worth about $39,000. IFM Investors Pty Ltd boosted its stake in shares of NVR by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock worth $5,917,000 after acquiring an additional 2 shares in the last quarter. Mediolanum International Funds Ltd boosted its stake in shares of NVR by 28.9% during the 3rd quarter. Mediolanum International Funds Ltd now owns 147 shares of the construction company’s stock worth $1,429,000 after acquiring an additional 33 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NVR by 29.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 197 shares of the construction company’s stock worth $1,918,000 after acquiring an additional 45 shares in the last quarter. Finally, Forsta AP Fonden boosted its stake in shares of NVR by 11.3% during the 3rd quarter. Forsta AP Fonden now owns 590 shares of the construction company’s stock worth $5,789,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.00% of the company’s stock.

NVR Price Performance

Shares of NYSE:NVR opened at $7,084.39 on Friday. The business has a 50 day moving average price of $7,959.67 and a 200 day moving average price of $8,770.32. NVR, Inc. has a twelve month low of $7,073.38 and a twelve month high of $9,964.77. The company has a market cap of $21.18 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 2.33 and a beta of 1.20. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Research analysts predict that NVR, Inc. will post 512.33 earnings per share for the current year.

NVR declared that its board has approved a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NVR has been the subject of several recent analyst reports. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. JPMorgan Chase & Co. decreased their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group increased their target price 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 given a buy rating to the stock. According to MarketBeat, NVR has a consensus rating of “Hold” and a consensus price target of $9,356.67.

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.