NVR, Inc. (NYSE:NVR) Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in NVR, Inc. (NYSE:NVR) by 32.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 626 shares of the construction company’s stock after purchasing an additional 155 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NVR were worth $2,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NVR. BlackRock Inc. lifted its position in NVR by 7.2% during the 2nd quarter. BlackRock Inc. now owns 398,321 shares of the construction company’s stock worth $1,342,443,000 after acquiring an additional 26,640 shares during the period. Price T Rowe Associates Inc. MD lifted its position in NVR by 7.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 190,047 shares of the construction company’s stock worth $640,506,000 after acquiring an additional 12,746 shares during the period. Nuveen Asset Management LLC acquired a new stake in NVR during the 2nd quarter worth approximately $175,206,000. JPMorgan Chase & Co. lifted its position in NVR by 333.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 34,183 shares of the construction company’s stock worth $113,953,000 after acquiring an additional 26,297 shares during the period. Finally, Prudential Financial Inc. lifted its position in NVR by 19.0% during the 2nd quarter. Prudential Financial Inc. now owns 18,868 shares of the construction company’s stock worth $63,591,000 after acquiring an additional 3,014 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Dwight C. Schar sold 1,922 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $3,481.03, for a total value of $6,690,539.66. Following the completion of the transaction, the director now directly owns 53,315 shares of the company’s stock, valued at approximately $185,591,114.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul C. Saville sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $3,578.52, for a total value of $17,892,600.00. Following the completion of the transaction, the chief executive officer now directly owns 115,770 shares of the company’s stock, valued at $414,285,260.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,900 shares of company stock valued at $60,752,453. Company insiders own 11.10% of the company’s stock.

NVR has been the subject of a number of recent research reports. Bank of America raised NVR from a “neutral” rating to a “buy” rating and set a $4,150.00 price objective for the company in a research report on Wednesday. They noted that the move was a valuation call. Evercore raised NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Evercore ISI raised NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. downgraded NVR from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $3,300.00 to $3,680.00 in a research note on Wednesday, September 11th. Finally, ValuEngine downgraded NVR from a “sell” rating to a “strong sell” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $3,799.83.

Shares of NVR stock opened at $3,427.42 on Friday. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59. The stock has a 50 day simple moving average of $3,657.55 and a 200-day simple moving average of $3,465.47. NVR, Inc. has a 12-month low of $2,185.10 and a 12-month high of $3,946.50. The company has a current ratio of 4.73, a quick ratio of 2.41 and a debt-to-equity ratio of 0.29.

NVR (NYSE:NVR) last issued its earnings results on Friday, October 18th. The construction company reported $56.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $51.52 by $4.59. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.84 billion. NVR had a return on equity of 41.69% and a net margin of 11.82%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $48.28 EPS. On average, equities analysts forecast that NVR, Inc. will post 212.33 earnings per share for the current fiscal year.

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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