Czech National Bank Buys 30 Shares of NVR, Inc. (NYSE:NVR)

Czech National Bank grew its stake in NVR, Inc. (NYSE:NVR) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661 shares of the construction company’s stock after purchasing an additional 30 shares during the quarter. Czech National Bank’s holdings in NVR were worth $5,406,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NVR. International Assets Investment Management LLC grew its position in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after purchasing an additional 363,004 shares during the last quarter. Jennison Associates LLC acquired a new stake in NVR during the 3rd quarter worth approximately $348,545,000. Mizuho Securities USA LLC boosted its stake in NVR by 6,454.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after purchasing an additional 16,266 shares during the period. Epoch Investment Partners Inc. grew its holdings in NVR by 56.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after buying an additional 8,140 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in NVR by 254.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock worth $87,001,000 after buying an additional 6,363 shares during the period. 83.67% of the stock is owned by institutional investors.

NVR Price Performance

NVR stock opened at $8,252.36 on Thursday. The stock has a market capitalization of $25.29 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.84 and a beta of 1.20. NVR, Inc. has a 52-week low of $6,800.00 and a 52-week high of $9,964.77. The stock’s 50 day moving average price is $8,660.39 and its two-hundred day moving average price is $8,842.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21.

NVR (NYSE:NVR) last announced its quarterly earnings results 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 business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the firm posted $125.26 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts predict that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR announced that its board has approved a share buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NVR has been the topic of several recent research reports. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price objective on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group decreased their price target on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Bank of America cut their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, NVR has a consensus rating of “Hold” and an average price target of $9,531.67.

Insider Activity

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