NVR, Inc. (NYSE:NVR) Shares Sold by KBC Group NV

KBC Group NV trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 71.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,613 shares of the construction company’s stock after selling 4,009 shares during the period. KBC Group NV owned about 0.05% of NVR worth $13,193,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of NVR during the third quarter worth about $39,000. Rakuten Securities Inc. acquired a new position in shares of NVR during the third quarter worth about $39,000. Private Trust Co. NA boosted its position in shares of NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR in the third quarter valued at about $49,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Trading Down 1.0 %

NVR opened at $7,983.06 on Thursday. The stock has a market capitalization of $24.46 billion, a PE ratio of 16.32, a P/E/G ratio of 1.67 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR, Inc. has a 12-month low of $7,018.03 and a 12-month high of $9,964.77. The firm’s fifty day moving average price is $8,477.09 and its 200 day moving average price is $8,886.61.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.51% and a return on equity of 38.20%. As a group, research analysts expect that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other NVR news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group upped their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, Bank of America dropped their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR 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.