National Pension Service Trims Stake in NVR, Inc. $NVR

National Pension Service lowered its holdings in NVR, Inc. (NYSE:NVR) by 79.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,204 shares of the construction company’s stock after selling 4,708 shares during the period. National Pension Service’s holdings in NVR were worth $8,780,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new stake in NVR in the fourth quarter valued at $36,000. State of Wyoming purchased a new stake in NVR in the second quarter valued at $44,000. USA Financial Formulas raised its position in NVR by 75.0% in the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares during the period. Clearstead Advisors LLC raised its position in NVR by 75.0% in the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares during the period. Finally, Zions Bancorporation National Association UT raised its position in NVR by 600.0% in the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after purchasing an additional 6 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. BTIG Research restated a “buy” rating and issued a $8,096.00 target price on shares of NVR in a research report on Wednesday, April 22nd. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a report on Tuesday, April 7th. Bank of America cut their price objective on NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, UBS Group cut their price objective on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7,649.33.

Insiders Place Their Bets

In related news, Director Michael J. Devito purchased 11 shares of the business’s stock in a transaction on Friday, April 24th. The shares were bought at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the acquisition, the director directly owned 25 shares in the company, valued at $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.60% of the stock is currently owned by company insiders.

NVR Price Performance

Shares of NYSE NVR opened at $6,133.39 on Tuesday. The stock’s 50-day moving average is $6,357.29 and its two-hundred day moving average is $7,038.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 4.50 and a beta of 0.95.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the company earned $94.83 EPS. NVR’s revenue for the quarter was down 21.7% compared to the same quarter last year. Analysts forecast that NVR, Inc. will post 375.15 EPS for the current fiscal year.

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

NVR 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.