Gulf International Bank UK Ltd Sells 67 Shares of NVR, Inc. (NYSE:NVR)

Gulf International Bank UK Ltd cut its holdings in NVR, Inc. (NYSE:NVR) by 26.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 186 shares of the construction company’s stock after selling 67 shares during the period. Gulf International Bank UK Ltd’s holdings in NVR were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Spire Wealth Management raised its position in shares of NVR by 21.2% in the 1st quarter. Spire Wealth Management now owns 63 shares of the construction company’s stock worth $456,000 after acquiring an additional 11 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of NVR by 12.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company’s stock worth $2,377,000 after acquiring an additional 36 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of NVR by 5.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company’s stock worth $9,237,000 after acquiring an additional 63 shares in the last quarter. GAMMA Investing LLC raised its position in shares of NVR by 15.8% in the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company’s stock worth $159,000 after acquiring an additional 3 shares in the last quarter. Finally, Vise Technologies Inc. raised its position in shares of NVR by 105.7% in the 4th quarter. Vise Technologies Inc. now owns 109 shares of the construction company’s stock worth $892,000 after acquiring an additional 56 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Stock Up 0.3%

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

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

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NVR shares. UBS Group lifted their price objective on NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. upped their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8,783.33.

Insider Buying and Selling

In other NVR news, Director Susan Williamson Ross sold 125 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the completion of the sale, the director directly owned 386 shares of the company’s stock, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

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.