Harvest Fund Management Co. Ltd Sells 34 Shares of NVR, Inc. (NYSE:NVR)

Harvest Fund Management Co. Ltd reduced its position in shares of NVR, Inc. (NYSE:NVR) by 73.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12 shares of the construction company’s stock after selling 34 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in NVR were worth $98,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NVR. Proficio Capital Partners LLC acquired a new stake in shares of NVR during the 4th quarter worth approximately $3,277,825,000. Corient Private Wealth LLC boosted its holdings in NVR by 2,599.1% during the 4th quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock worth $73,512,000 after acquiring an additional 8,655 shares during the last quarter. Raymond James Financial Inc. purchased a new position in NVR during the 4th quarter worth $37,942,000. Amundi boosted its holdings in NVR by 82.9% during the 4th quarter. Amundi now owns 9,131 shares of the construction company’s stock worth $73,102,000 after acquiring an additional 4,139 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in NVR by 6,012.1% during the 4th quarter. SG Americas Securities LLC now owns 3,545 shares of the construction company’s stock worth $28,994,000 after acquiring an additional 3,487 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on NVR. JPMorgan Chase & Co. lowered their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9,356.67.

NVR Price Performance

NVR opened at $7,181.22 on Friday. The stock has a fifty day simple moving average of $7,606.71 and a two-hundred day simple moving average of $8,554.95. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at NVR

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

NVR 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.