Swiss National Bank Lowers Stake in NVR, Inc. (NYSE:NVR)

Swiss National Bank decreased its stake in NVR, Inc. (NYSE:NVR) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,290 shares of the construction company’s stock after selling 170 shares during the quarter. Swiss National Bank’s holdings in NVR were worth $91,152,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its position in shares of NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the period. Blue Trust Inc. purchased a new stake in shares of NVR in the third quarter worth about $39,000. Rakuten Securities Inc. purchased a new stake in shares of NVR in the third quarter worth about $39,000. Redwood Wealth Management Group LLC purchased a new stake in shares of NVR in the second quarter worth about $46,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of NVR in the second quarter worth about $53,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Bank of America cut their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. UBS Group boosted their price target on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8,783.33.

NVR Stock Performance

Shares of NYSE NVR opened at $8,860.00 on Tuesday. The stock has a fifty day moving average price of $9,438.84 and a two-hundred day moving average price of $8,562.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The firm has a market cap of $27.15 billion, a P/E ratio of 18.11, a PEG ratio of 1.94 and a beta of 1.20. NVR, Inc. has a 1 year low of $6,052.58 and a 1 year high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the company posted $125.26 EPS. NVR’s revenue was up 6.6% on a year-over-year basis. Research analysts forecast that NVR, Inc. will post 494.48 EPS for the current fiscal year.

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $2,186,679. This represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775 shares of company stock worth $7,294,073. Corporate insiders own 7.00% of the company’s stock.

About NVR

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.