NVR, Inc. (NYSE:NVR) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its position in shares of NVR, Inc. (NYSE:NVR) by 8.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167 shares of the construction company’s stock after selling 16 shares during the period. Securian Asset Management Inc.’s holdings in NVR were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in NVR. KBC Group NV increased its holdings in shares of NVR by 299.9% during the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock worth $55,162,000 after buying an additional 4,216 shares during the last quarter. Curi RMB Capital LLC increased its holdings in shares of NVR by 1.3% during the 3rd quarter. Curi RMB Capital LLC now owns 382 shares of the construction company’s stock worth $3,748,000 after buying an additional 5 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of NVR by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock worth $1,119,000 after buying an additional 2 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of NVR by 6.9% during the 3rd quarter. CIBC Asset Management Inc now owns 465 shares of the construction company’s stock worth $4,562,000 after buying an additional 30 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in NVR by 4.1% in the 3rd quarter. Empirical Finance LLC now owns 101 shares of the construction company’s stock valued at $991,000 after purchasing an additional 4 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

NVR has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. UBS Group lifted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9,356.67.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 7.00% of the stock is currently owned by corporate insiders.

NVR Stock Performance

Shares of NVR stock opened at $7,228.03 on Friday. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77. The stock has a market capitalization of $21.61 billion, a PE ratio of 14.24, a P/E/G ratio of 2.39 and a beta of 1.25. The firm has a 50 day moving average of $7,677.46 and a two-hundred day moving average of $8,623.40.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

NVR Profile

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.