Swiss National Bank Has $64.28 Million Stock Holdings in NVR, Inc. $NVR

Swiss National Bank reduced its position in shares of NVR, Inc. (NYSE:NVR) by 11.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,000 shares of the construction company’s stock after selling 990 shares during the period. Swiss National Bank owned about 0.28% of NVR worth $64,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in NVR by 9.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,555 shares of the construction company’s stock worth $52,696,000 after buying an additional 570 shares during the period. Schroder Investment Management Group lifted its holdings in shares of NVR by 61.0% during the third quarter. Schroder Investment Management Group now owns 8,922 shares of the construction company’s stock worth $72,225,000 after purchasing an additional 3,380 shares during the period. Vinva Investment Management Ltd grew its stake in shares of NVR by 63.2% in the third quarter. Vinva Investment Management Ltd now owns 93 shares of the construction company’s stock worth $753,000 after purchasing an additional 36 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of NVR by 14.8% in the third quarter. Parallel Advisors LLC now owns 62 shares of the construction company’s stock worth $498,000 after purchasing an additional 8 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in NVR in the third quarter valued at $2,234,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR opened at $6,614.76 on Thursday. 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 stock has a market capitalization of $18.46 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. The firm’s fifty day simple moving average is $7,517.90 and its two-hundred day simple moving average is $7,624.50. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. The firm 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 business’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business posted $139.93 EPS. As a group, analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated a stock buyback 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 shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the 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 transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 70.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan Williamson Ross sold 200 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the sale, the director directly owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. This trade represents a 34.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,120 shares of company stock valued at $9,012,736 in the last ninety days. 7.00% of the stock is currently owned by insiders.

NVR Company 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.