Zurcher Kantonalbank Zurich Cantonalbank reduces position in NVR, Inc. (NYSE:NVR)

Zurcher Kantonalbank Zurich Cantonalbank has sold its position in NVR, Inc. (NYSE:NVR – Free Report) fell 54.5% in the fourth quarter, the company said in its most recent 13F filing with the Securities and Exchange Commission (SEC). The company owned 529 shares of the construction company, after selling 633 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s shares in NVR were worth $3,703,000 at the end of the most recent quarter.

A number of other major investors have also recently changed their ownership in the company. Vanguard Group Inc. increased its stake in NVR shares by 2.1% in the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock worth $2,137,259,000 after purchasing an additional 7,516 shares during the period. International Assets Investment Management LLC grew its holdings in shares of NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after purchasing an additional 237,977 shares in the last quarter. Invesco Ltd. increased its stake in NVR shares by 11.2% in the third quarter. Invesco Ltd. now owns 44,319 shares of the construction company, valued at $264,287,000, after purchasing an additional 4,468 shares in the last quarter. Northern Trust Corp increased its holdings in shares of NVR by 11.4% in the third quarter. Northern Trust Corp now owns 38,518 shares of the construction company’s stock valued at $229,694,000 after purchasing an additional 3,943 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of NVR by 10.3% in the third quarter. Schroder Investment Management Group now owns 31,177 shares of the construction company’s stock valued at $185,918,000 after purchasing an additional 2,899 shares in the last quarter. 83.67% of the shares are currently owned by hedge funds and other institutional investors.

NVR price performance

NVR stock opened at $7,806.79 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. NVR, Inc. has a 1-year low of $5,210.49 and a 1-year high of $8,211.40. The company has a market cap of $24.98 billion, a price-to-earnings ratio of 16.85, a price-to-earnings growth ratio of 2.79, and a beta of 1.13. The stock has a 50-day simple moving average of $7,717.27 and a 200-day simple moving average of $6,942.69.

NVR (NYSE:NVR – Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, beating analysts’ consensus estimates of $121.50 by $0.06. NVR had a return on equity of 38.50% and a net margin of 17.09%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.61 billion. In the same quarter last year, the company earned earnings per share of $133.44. NVR’s quarterly revenue fell 10.5% year-on-year. On average, stock analysts predict that NVR, Inc. will record a profit per share of 499.45 for the current financial year.

NVR stated that its board on Wednesday, February 14, approved a share repurchase program that will allow the company to repurchase $750.00 million of outstanding shares. This buyback permit allows the construction company to purchase up to 3.1% of its shares through open market purchases. Share buyback programs are generally an indication that company management believes the stock is undervalued.

Buy and sell Insider at NVR

In other NVR news, CAO Matthew B. Kelpy sold 100 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the sale, the chief accountant now owns 230 shares of the company’s stock, valued at approximately $1,751,450. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 100 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the sale, the chief accountant now owns 230 shares of the company’s stock, valued at approximately $1,751,450. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Susan Williamson Ross sold 250 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the sale, the director now owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The explanation of this sale can be found here. Insiders have sold a total of 7,981 shares of the company’s stock worth $59,155,947 over the last 90 days. 7.00% of the shares are owned by business insiders.

Analyst upgrades and downgrades

Additionally, StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th.

Check out our latest analysis on NVR

About NVR

(Free report)

NVR, Inc operates as a homebuilder in the United States. The company operates through the Residential Construction and Mortgage Banking segments. It engages in the construction and sale of detached single-family homes, townhomes and condominium buildings under the names Ryan Homes, NVHomes and Heartland Homes. The company markets its Ryan Homes products to first-time and first-time homebuyers; and NVHomes and Heartland Homes products for first-time and luxury buyers.

Featured Stories

Would you like to see which other hedge funds own NVR? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for NVR, Inc. (NYSE:NVR – Free Report).

Receive daily news and reviews for NVR – Enter your email address below to receive a daily digest of the latest news and analyst ratings for NVR and related companies with MarketBeat.com’s FREE daily email newsletter.