2,100 Shares in NVR, Inc. (NYSE:NVR) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in NVR, Inc. (NYSE:NVR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,100 shares of the construction company’s stock, valued at approximately $17,176,000. KLP Kapitalforvaltning AS owned 0.07% of NVR at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NVR. American Century Companies Inc. lifted its stake in NVR by 13.3% in the 4th quarter. American Century Companies Inc. now owns 4,494 shares of the construction company’s stock worth $36,756,000 after purchasing an additional 528 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in NVR by 45.0% in the 4th quarter. Mizuho Securities USA LLC now owns 290 shares of the construction company’s stock worth $2,372,000 after purchasing an additional 90 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in NVR by 67.7% in the 4th quarter. Teacher Retirement System of Texas now owns 9,943 shares of the construction company’s stock worth $81,323,000 after purchasing an additional 4,015 shares in the last quarter. Boston Partners lifted its stake in NVR by 3.2% in the 4th quarter. Boston Partners now owns 51,844 shares of the construction company’s stock worth $424,066,000 after purchasing an additional 1,605 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in NVR in the 4th quarter worth approximately $5,087,000. 83.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on NVR shares. UBS Group raised their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9,356.67.

Insiders Place Their Bets

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.00% of the company’s stock.

NVR Price Performance

NVR stock opened at $7,181.22 on Monday. The firm has a market cap of $21.32 billion, a P/E ratio of 14.15, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The firm’s fifty day moving average is $7,606.71 and its 200 day moving average is $8,550.75.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.