Van ECK Associates Corp Reduces Holdings in NVR, Inc. (NYSE:NVR)

Van ECK Associates Corp trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 1.0% in the 4th quarter, Holdings Channel reports. The firm owned 724 shares of the construction company’s stock after selling 7 shares during the period. Van ECK Associates Corp’s holdings in NVR were worth $5,922,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Blue Trust Inc. acquired a new position in NVR during the 3rd quarter worth about $39,000. Rakuten Securities Inc. acquired a new stake in NVR in the 3rd quarter valued at about $39,000. Private Trust Co. NA raised its position in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of NVR in the 3rd quarter valued at about $49,000. Finally, Quantbot Technologies LP purchased a new position in shares of NVR in the 3rd quarter valued at about $59,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.00% of the stock is currently owned by corporate insiders.

NVR Price Performance

Shares of NYSE NVR opened at $7,359.53 on Tuesday. NVR, Inc. has a 1-year low of $7,227.09 and a 1-year high of $9,964.77. The business has a 50-day moving average of $8,086.99 and a 200-day moving average of $8,810.03. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The company has a market capitalization of $22.52 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. On average, equities analysts anticipate that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

NVR has been the topic of a number of research reports. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group raised their price target on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Bank of America reduced their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, JPMorgan Chase & Co. reduced their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9,356.67.

NVR Company 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.