Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stock Position in NVR, Inc. (NYSE:NVR)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in NVR, Inc. (NYSE:NVR) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 691 shares of the construction company’s stock after purchasing an additional 17 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NVR were worth $5,006,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NVR. JDM Financial Group LLC purchased a new stake in NVR in the 4th quarter worth $25,000. Olde Wealth Management LLC purchased a new stake in NVR in the 1st quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in NVR in the 1st quarter worth $36,000. Ridgewood Investments LLC lifted its stake in NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp purchased a new stake in NVR in the 1st quarter worth $36,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

NVR stock opened at $8,226.78 on Friday. The company has a market cap of $23.61 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 11.73 and a beta of 0.94. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company’s 50-day moving average price is $7,577.10 and its 200-day moving average price is $7,362.78. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating the consensus estimate of $104.89 by $3.65. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $120.69 EPS. On average, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share buyback program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NVR. UBS Group boosted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8,783.33.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 600 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 74.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the transaction, the director owned 386 shares in the company, valued at $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.