DekaBank Deutsche Girozentrale Cuts Position in NVR, Inc. (NYSE:NVR)

DekaBank Deutsche Girozentrale trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 86.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 302 shares of the construction company’s stock after selling 1,901 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in NVR were worth $851,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Tuttle Tactical Management purchased a new stake in shares of NVR during the first quarter worth about $1,035,000. Pictet Asset Management Ltd. increased its stake in shares of NVR by 11.7% during the first quarter. Pictet Asset Management Ltd. now owns 5,801 shares of the construction company’s stock worth $16,051,000 after purchasing an additional 606 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of NVR by 15.2% during the first quarter. Nomura Asset Management Co. Ltd. now owns 691 shares of the construction company’s stock worth $1,912,000 after purchasing an additional 91 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of NVR by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 365 shares of the construction company’s stock worth $1,009,000 after purchasing an additional 14 shares in the last quarter. Finally, Bremer Bank National Association purchased a new stake in shares of NVR during the first quarter worth about $1,781,000. 79.12% of the stock is currently owned by institutional investors.

In other news, insider Jeffrey D. Martchek sold 500 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $3,180.04, for a total value of $1,590,020.00. Following the completion of the sale, the insider now owns 4,658 shares in the company, valued at approximately $14,812,626.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandra A. Jung bought 70 shares of NVR stock in a transaction dated Monday, May 20th. The stock was purchased at an average price of $3,285.00 per share, with a total value of $229,950.00. Following the purchase, the director now directly owns 95 shares in the company, valued at approximately $312,075. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 25,320 shares of company stock valued at $83,126,269. 11.10% of the stock is owned by company insiders.

A number of analysts have recently commented on the stock. Wells Fargo & Co set a $3,500.00 target price on shares of NVR and gave the stock a “market perform” rating in a research note on Tuesday, April 23rd. Buckingham Research boosted their price target on shares of NVR from $3,030.00 to $3,410.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Zacks Investment Research upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Finally, Evercore ISI assumed coverage on shares of NVR in a report on Thursday, June 6th. They issued an “in-line” rating and a $3,467.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3,282.00.

Shares of NVR opened at $3,370.82 on Wednesday. NVR, Inc. has a fifty-two week low of $2,040.71 and a fifty-two week high of $3,439.18. The company has a current ratio of 4.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.31. The company has a market cap of $12.18 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.60 and a beta of 0.66.

NVR (NYSE:NVR) last announced its quarterly earnings data on Monday, April 22nd. The construction company reported $47.64 EPS for the quarter, beating the Zacks’ consensus estimate of $34.45 by $13.19. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.48 billion. NVR had a net margin of 11.45% and a return on equity of 46.85%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $39.34 EPS. On average, research analysts forecast that NVR, Inc. will post 198.36 earnings per share for the current fiscal year.

NVR announced that its board has approved a stock buyback program on Thursday, May 2nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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NVR Profile

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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