Zurcher Kantonalbank Zurich Cantonalbank Has $5.25 Million Stake in NVR, Inc. (NYSE:NVR)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in NVR, Inc. (NYSE:NVR) by 1.8% during the 4th quarter, HoldingsChannel reports. The firm owned 642 shares of the construction company’s stock after selling 12 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NVR were worth $5,251,000 as of its most recent filing with the SEC.

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

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the business’s 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 sale, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Up 1.4 %

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

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

NVR declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

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

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.