Burney Co. Sells 2 Shares of NVR, Inc. (NYSE:NVR)

Burney Co. cut its holdings in shares of NVR, Inc. (NYSE:NVR) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53 shares of the construction company’s stock after selling 2 shares during the period. Burney Co.’s holdings in NVR were worth $433,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after acquiring an additional 363,004 shares during the period. Jennison Associates LLC purchased a new stake in NVR in the third quarter worth approximately $348,545,000. Mizuho Securities USA LLC grew its position in NVR by 6,454.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock worth $162,071,000 after purchasing an additional 16,266 shares during the period. Epoch Investment Partners Inc. raised its stake in NVR by 56.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after buying an additional 8,140 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of NVR by 254.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock valued at $87,001,000 after buying an additional 6,363 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director David A. Preiser sold 250 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 775 shares of company stock worth $7,294,073. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the subject of several research analyst reports. UBS Group cut their price objective on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Bank of America reduced their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus price target of $9,531.67.

NVR Trading Up 0.3 %

Shares of NYSE:NVR opened at $8,381.72 on Friday. The stock has a 50 day moving average of $8,605.45 and a 200 day moving average of $8,841.52. The company has a market cap of $25.65 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. NVR, Inc. has a 12-month low of $6,800.00 and a 12-month high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the company earned $125.26 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts expect that NVR, Inc. will post 494.48 EPS for the current year.

NVR announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

NVR Company 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.