NVR, Inc. $NVR Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lessened its holdings in NVR, Inc. (NYSE:NVR) by 96.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36 shares of the construction company’s stock after selling 868 shares during the period. Shell Asset Management Co.’s holdings in NVR were worth $289,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Norges Bank purchased a new position in NVR in the second quarter valued at $268,447,000. Robeco Institutional Asset Management B.V. raised its position in NVR by 844.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,321 shares of the construction company’s stock valued at $66,856,000 after purchasing an additional 7,440 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of NVR in the 2nd quarter valued at about $54,548,000. Rakuten Investment Management Inc. purchased a new position in shares of NVR in the 3rd quarter valued at about $51,896,000. Finally, Boston Partners grew its position in shares of NVR by 9.9% during the second quarter. Boston Partners now owns 64,952 shares of the construction company’s stock worth $479,900,000 after buying an additional 5,875 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the completion of the sale, the director directly owned 386 shares in the company, valued at $3,057,915.16. This represents a 34.13% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,120 shares of company stock worth $9,012,736. Insiders own 7.00% of the company’s stock.

NVR Trading Down 1.2%

NYSE:NVR opened at $7,420.77 on Wednesday. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $8,618.28. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $7,575.07 and its 200-day simple moving average is $7,708.54. The firm has a market cap of $20.73 billion, a P/E ratio of 16.97, a PEG ratio of 2.41 and a beta of 1.03.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. NVR’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm posted $139.93 EPS. Equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has approved a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. UBS Group set a $8,100.00 target price on shares of NVR in a report on Friday. BTIG Research assumed coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. Zelman & Associates upgraded shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a research note on Thursday, January 29th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, NVR has a consensus rating of “Moderate Buy” and a consensus target price of $8,279.40.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.