Gulf International Bank UK Ltd Has $3.13 Million Holdings in NVR, Inc. (NYSE:NVR)

Gulf International Bank UK Ltd lessened its stake in NVR, Inc. (NYSE:NVR) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 652 shares of the construction company’s stock after selling 7 shares during the period. Gulf International Bank UK Ltd’s holdings in NVR were worth $3,125,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank raised its position in NVR by 3.0% in the 2nd quarter. Toronto Dominion Bank now owns 2,004 shares of the construction company’s stock worth $9,966,000 after purchasing an additional 59 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of NVR by 1.6% in the 3rd quarter. Treasurer of the State of North Carolina now owns 1,214 shares of the construction company’s stock valued at $5,820,000 after buying an additional 19 shares in the last quarter. Bank of America Corp DE increased its position in shares of NVR by 12.5% in the 2nd quarter. Bank of America Corp DE now owns 12,395 shares of the construction company’s stock valued at $61,644,000 after buying an additional 1,375 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of NVR by 4.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,955 shares of the construction company’s stock valued at $9,372,000 after buying an additional 82 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new stake in shares of NVR in the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Shares of NYSE:NVR opened at $5,718.00 on Friday. NVR, Inc. has a 52-week low of $3,950.62 and a 52-week high of $5,982.44. The company has a market capitalization of $19.90 billion, a P/E ratio of 18.50 and a beta of 1.00. The company has a 50-day simple moving average of $5,556.12 and a 200 day simple moving average of $5,211.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.84 and a current ratio of 6.18.

NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, October 21st. The construction company reported $86.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $88.77 by ($2.33). The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.27 billion. NVR had a net margin of 13.73% and a return on equity of 39.55%. The firm’s revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the company earned $65.11 earnings per share. As a group, equities analysts forecast that NVR, Inc. will post 331.52 earnings per share for the current year.

NVR declared that its Board of Directors has approved a stock buyback program on Wednesday, November 3rd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

A number of research firms recently commented on NVR. JPMorgan Chase & Co. lowered their price objective on shares of NVR from $6,300.00 to $5,770.00 and set a “neutral” rating for the company in a research report on Thursday, October 14th. Zacks Investment Research lowered shares of NVR from a “buy” rating to a “hold” rating and set a $5,217.00 target price for the company. in a research note on Tuesday, September 21st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, NVR presently has an average rating of “Hold” and an average target price of $5,359.25.

In related news, CAO Matthew B. Kelpy purchased 100 shares of the stock in a transaction on Monday, October 25th. The shares were purchased at an average cost of $4,860.00 per share, with a total value of $486,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas D. Eckert sold 1,300 shares of the stock in a transaction dated Tuesday, November 30th. The shares were sold at an average price of $5,242.15, for a total transaction of $6,814,795.00. The disclosure for this sale can be found here. 9.00% of the stock is owned by corporate insiders.

NVR Profile

NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following segments: Homebuilding and Mortgage Banking. The Homebuilding segment sells and builds homes under the trade names Ryan Homes, NVHomes, Fox Ridge Homes and Heartland Homes.

Further Reading: Dividend Kings

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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