Livforsakringsbolaget Skandia Omsesidigt Sells 100 Shares of NVR, Inc. $NVR

Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in shares of NVR, Inc. (NYSE:NVR) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 475 shares of the construction company’s stock after selling 100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NVR were worth $3,464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Murphy Middleton Hinkle & Parker Inc. purchased a new position in NVR in the 4th quarter worth about $11,610,000. Alberta Investment Management Corp purchased a new stake in NVR in the 3rd quarter valued at about $4,017,000. American Century Companies Inc. grew its stake in NVR by 17.0% in the 3rd quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock worth $51,181,000 after acquiring an additional 925 shares in the last quarter. SG Americas Securities LLC grew its stake in NVR by 669.5% in the 4th quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock worth $30,863,000 after acquiring an additional 3,682 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of NVR by 2.1% during the third quarter. Envestnet Asset Management Inc. now owns 9,730 shares of the construction company’s stock worth $78,178,000 after acquiring an additional 203 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity

In related news, Director Michael J. Devito purchased 11 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were acquired at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the acquisition, the director owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group lowered their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Truist Financial reduced their price objective on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Seaport Research Partners restated a “sell” rating and set a $5,664.00 price objective on shares of NVR in a report on Tuesday, April 7th. Finally, Bank of America reduced 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. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7,649.33.

NVR Trading Up 1.1%

NVR opened at $6,184.31 on Friday. The stock’s fifty day moving average is $6,339.04 and its two-hundred day moving average is $7,015.01. The company has a market capitalization of $16.69 billion, a P/E ratio of 15.08, a PEG ratio of 4.51 and a beta of 0.93. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26.

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

NVR declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

NVR Company 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.