NVR, Inc. (NYSE:NVR) Stake Lowered by Davis R M Inc.

Davis R M Inc. reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 5.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38 shares of the construction company’s stock after selling 2 shares during the period. Davis R M Inc.’s holdings in NVR were worth $308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in NVR by 38.2% in the fourth quarter. BNP Paribas Financial Markets now owns 3,381 shares of the construction company’s stock worth $23,669,000 after purchasing an additional 934 shares in the last quarter. TD Asset Management Inc boosted its holdings in NVR by 22.7% during the fourth quarter. TD Asset Management Inc now owns 9,831 shares of the construction company’s stock valued at $68,821,000 after acquiring an additional 1,819 shares during the period. Sei Investments Co. grew its position in shares of NVR by 89.6% in the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock valued at $21,489,000 after purchasing an additional 1,254 shares during the last quarter. UBS Group AG grew its position in shares of NVR by 164.8% in the fourth quarter. UBS Group AG now owns 4,117 shares of the construction company’s stock valued at $28,821,000 after purchasing an additional 2,562 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of NVR by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 29,877 shares of the construction company’s stock worth $209,150,000 after purchasing an additional 781 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVR news, Director William Grady Rosier sold 600 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the sale, the director now directly owns 1,701 shares in the company, valued at approximately $13,039,236.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director David A. Preiser sold 500 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the completion of the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Grady Rosier sold 600 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the transaction, the director now directly owns 1,701 shares of the company’s stock, valued at $13,039,236.63. The disclosure for this sale can be found here. Insiders have sold 1,600 shares of company stock worth $12,233,609 in the last ninety days. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NVR shares. UBS Group increased their target price on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

NVR Stock Performance

NYSE NVR traded down $1.12 during midday trading on Tuesday, hitting $8,640.00. The company had a trading volume of 18,430 shares, compared to its average volume of 19,415. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The stock has a market cap of $27.07 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 3.50 and a beta of 1.17. The firm has a fifty day simple moving average of $7,677.12 and a two-hundred day simple moving average of $7,592.43. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,687.05.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $103.97 by $12.44. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $99.89 EPS. Equities analysts forecast that NVR, Inc. will post 493.93 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 7th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

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.