National Pension Service Lowers Stock Holdings in NVR, Inc. (NYSE:NVR)

National Pension Service lowered its stake in shares of NVR, Inc. (NYSE:NVR) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,900 shares of the construction company’s stock after selling 571 shares during the quarter. National Pension Service owned about 0.16% of NVR worth $40,077,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVR. Blue Trust Inc. purchased a new stake in NVR in the 3rd quarter valued at approximately $39,000. abrdn plc boosted its holdings in NVR by 32.8% in the 3rd quarter. abrdn plc now owns 757 shares of the construction company’s stock valued at $7,414,000 after purchasing an additional 187 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in NVR by 258.1% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 111 shares of the construction company’s stock valued at $1,090,000 after purchasing an additional 80 shares in the last quarter. US Bancorp DE boosted its holdings in NVR by 13.0% in the 3rd quarter. US Bancorp DE now owns 226 shares of the construction company’s stock valued at $2,217,000 after purchasing an additional 26 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in NVR by 29.1% in the 3rd quarter. Stephens Inc. AR now owns 1,849 shares of the construction company’s stock valued at $18,142,000 after purchasing an additional 417 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR stock opened at $7,228.01 on Friday. The firm has a 50 day moving average of $7,847.90 and a 200-day moving average of $8,728.62. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The company has a market cap of $21.61 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.39 and a beta of 1.20.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) 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%. As a group, equities analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of NVR 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 transaction of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of analyst reports. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. UBS Group lifted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus target price 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.