Nordea Investment Management AB Purchases 3,456 Shares of NVR, Inc. $NVR

Nordea Investment Management AB grew its position in NVR, Inc. (NYSE:NVR) by 368.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,394 shares of the construction company’s stock after purchasing an additional 3,456 shares during the period. Nordea Investment Management AB’s holdings in NVR were worth $32,182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after acquiring an additional 31 shares during the period. Woodline Partners LP increased its position in NVR by 28.4% in the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after purchasing an additional 56 shares during the period. TD Waterhouse Canada Inc. raised its holdings in NVR by 5.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 36 shares of the construction company’s stock worth $276,000 after purchasing an additional 2 shares during the last quarter. Swiss National Bank lifted its position in NVR by 4.1% during the 2nd quarter. Swiss National Bank now owns 8,990 shares of the construction company’s stock valued at $66,397,000 after purchasing an additional 350 shares during the period. Finally, Mufg Securities Americas Inc. lifted its position in NVR by 22.6% during the 2nd quarter. Mufg Securities Americas Inc. now owns 65 shares of the construction company’s stock valued at $480,000 after purchasing an additional 12 shares during the period. Institutional investors own 83.67% of the company’s stock.

Insider Activity at NVR

In related news, Director Susan Williamson Ross sold 220 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the completion of the sale, the director directly owned 386 shares of the company’s stock, valued at approximately $3,088,000. This represents a 36.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the sale, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,120 shares of company stock valued at $9,012,736 over the last quarter. 7.80% of the stock is owned by insiders.

NVR Stock Performance

NVR stock opened at $6,535.68 on Tuesday. NVR, Inc. has a 1-year low of $6,301.02 and a 1-year high of $8,618.28. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The firm has a market cap of $18.17 billion, a PE ratio of 14.95, a P/E/G ratio of 2.17 and a beta of 1.04. The business’s 50-day moving average price is $7,379.78 and its two-hundred day moving average price is $7,526.94.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $105.42 by $16.12. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $139.93 earnings per share. As a group, research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has approved a share repurchase 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 purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NVR. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Truist Financial assumed coverage on shares of NVR in a report on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 price objective on the stock. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective on the stock in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Finally, UBS Group set a $8,100.00 target price on shares of NVR in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, NVR has an average rating of “Hold” and a consensus target price of $8,182.83.

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.