BNP PARIBAS ASSET MANAGEMENT Holding S.A. Cuts Stock Holdings in NVR, Inc. $NVR

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 18.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,081 shares of the construction company’s stock after selling 1,605 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.25% of NVR worth $56,572,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Alberta Investment Management Corp purchased a new stake in NVR during the 3rd quarter valued at about $4,017,000. NEOS Investment Management LLC lifted its position in NVR by 102.4% in the third quarter. NEOS Investment Management LLC now owns 83 shares of the construction company’s stock valued at $667,000 after purchasing an additional 42 shares during the last quarter. Zions Bancorporation National Association UT boosted its stake in shares of NVR by 600.0% during the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after purchasing an additional 6 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of NVR by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock worth $348,051,000 after purchasing an additional 1,718 shares during the last quarter. Finally, ABN Amro Investment Solutions purchased a new position in shares of NVR in the third quarter worth $803,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Transactions at NVR

In other NVR news, Director Susan Williamson Ross sold 200 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the transaction, the director owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. This trade represents a 34.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,120 shares of company stock worth $9,012,736 over the last ninety days. Insiders own 7.00% of the company’s stock.

NVR Trading Down 0.0%

NVR opened at $7,519.50 on Friday. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $8,618.28. The stock has a market cap of $20.98 billion, a PE ratio of 17.20, a PEG ratio of 2.53 and a beta of 1.03. The business has a 50 day moving average of $7,575.74 and a 200-day moving average of $7,705.91.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping the consensus estimate of $105.42 by $16.12. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $139.93 earnings per share. Equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has approved a share repurchase program on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on NVR. UBS Group set a $8,100.00 price target on shares of NVR in a research report on Friday, February 13th. BTIG Research started coverage on shares of NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price for the company. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a research report on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $8,279.40.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.