Meiji Yasuda Life Insurance Co Decreases Stock Holdings in NVR, Inc. (NYSE:NVR)

Meiji Yasuda Life Insurance Co reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137 shares of the construction company’s stock after selling 25 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in NVR were worth $1,110,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NVR. International Assets Investment Management LLC raised its stake in NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after buying an additional 237,977 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of NVR by 0.4% in the first quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company’s stock valued at $424,851,000 after purchasing an additional 191 shares during the period. Smead Capital Management Inc. increased its holdings in shares of NVR by 0.7% in the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock valued at $276,385,000 after purchasing an additional 277 shares during the period. Norges Bank acquired a new position in shares of NVR in the fourth quarter valued at about $246,031,000. Finally, Schroder Investment Management Group increased its holdings in shares of NVR by 3.1% in the fourth quarter. Schroder Investment Management Group now owns 32,140 shares of the construction company’s stock valued at $224,994,000 after purchasing an additional 963 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Performance

NVR stock traded down $54.50 during midday trading on Wednesday, hitting $8,607.48. 19,101 shares of the company were exchanged, compared to its average volume of 19,480. The firm has a market capitalization of $26.94 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,700.00. The business has a fifty day simple moving average of $7,805.70 and a two-hundred day simple moving average of $7,660.15. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing the consensus estimate of $121.65 by ($0.96). The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%. On average, sell-side analysts forecast that NVR, Inc. will post 499.77 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share buyback program on Tuesday, May 7th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NVR shares. UBS Group increased their price objective on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th.

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the sale, the director now directly owns 391 shares of the company’s stock, valued at $3,325,810.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other NVR news, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the sale, the director now directly owns 391 shares of the company’s stock, valued at $3,325,810.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William Grady Rosier sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the completion of the sale, the director now directly owns 1,701 shares in the company, valued at $13,039,236.63. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,548 shares of company stock valued at $12,288,213. Company insiders own 7.00% of the company’s stock.

NVR Company Profile

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.