Danske Bank A S Cuts Position in NVR, Inc. $NVR

Danske Bank A S lowered its position in shares of NVR, Inc. (NYSE:NVR) by 21.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 587 shares of the construction company’s stock after selling 164 shares during the quarter. Danske Bank A S’s holdings in NVR were worth $4,281,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVR. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in NVR during the fourth quarter worth approximately $11,610,000. Principal Financial Group Inc. raised its stake in shares of NVR by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock valued at $484,546,000 after acquiring an additional 2,331 shares during the period. Nordea Investment Management AB raised its stake in shares of NVR by 262.2% in the 3rd quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock valued at $7,522,000 after acquiring an additional 679 shares during the period. American Century Companies Inc. lifted its holdings in shares of NVR by 17.0% during the 3rd quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock valued at $51,181,000 after acquiring an additional 925 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in NVR during the 3rd quarter worth $691,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR stock opened at $6,006.79 on Wednesday. The company has a market capitalization of $16.70 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 4.31 and a beta of 0.95. The firm has a fifty day simple moving average of $6,749.17 and a 200-day simple moving average of $7,234.22. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. NVR, Inc. has a twelve month low of $5,930.00 and a twelve month high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 31.82%. The business’s quarterly revenue was down 21.7% on a year-over-year basis. During the same period in the previous year, the company earned $94.83 earnings per share. Equities research analysts anticipate that NVR, Inc. will post 380.26 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NVR shares. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a report on Thursday, January 29th. Bank of America decreased their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research report on Monday, April 20th. BTIG Research reiterated a “buy” rating and issued a $8,096.00 target price on shares of NVR in a research note on Wednesday, April 22nd. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Finally, UBS Group reduced their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7,649.33.

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 200 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $8,091.62, for a total value of $1,618,324.00. Following the completion of the transaction, the director directly owned 386 shares of the company’s stock, valued at $3,123,365.32. This represents a 34.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael J. Devito acquired 11 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director owned 25 shares in the company, valued at $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 900 shares of company stock valued at $7,252,736 in the last ninety days. Insiders own 8.60% of the company’s stock.

About NVR

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.