Nordea Investment Management AB Acquires 679 Shares of NVR, Inc. $NVR

Nordea Investment Management AB raised its holdings in NVR, Inc. (NYSE:NVR) by 262.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 938 shares of the construction company’s stock after purchasing an additional 679 shares during the period. Nordea Investment Management AB’s holdings in NVR were worth $7,522,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NVR. Fifth Third Bancorp raised its position in shares of NVR by 6.5% in the second quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock valued at $244,000 after buying an additional 2 shares in the last quarter. QRG Capital Management Inc. grew its position in NVR by 4.2% during the second quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock worth $369,000 after buying an additional 2 shares in the last quarter. Evergreen Wealth Management LLC increased its stake in NVR by 1.9% during the 2nd quarter. Evergreen Wealth Management LLC now owns 109 shares of the construction company’s stock worth $801,000 after acquiring an additional 2 shares during the period. Assetmark Inc. raised its holdings in NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after acquiring an additional 2 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in NVR by 25.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 10 shares of the construction company’s stock valued at $74,000 after acquiring an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael J. Devito acquired 14 shares of NVR stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the transaction, the director directly owned 14 shares of the company’s stock, valued at approximately $98,952.70. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.00% of the stock is owned by corporate insiders.

NVR Price Performance

Shares of NYSE:NVR opened at $7,547.55 on Friday. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 10.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.96 and a quick ratio of 3.16. The firm has a 50 day simple moving average of $7,411.06 and a 200 day simple moving average of $7,690.57. NVR, Inc. has a one year low of $6,562.85 and a one year high of $8,618.28.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.89%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $130.50 earnings per share. Research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NVR has been the topic of several analyst reports. BTIG Research began coverage on NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price on the stock. UBS Group cut their price objective on shares of NVR from $8,500.00 to $8,150.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, Bank of America cut their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $8,443.00.

About NVR

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.