Pacer Advisors Inc. Has $2.14 Million Stock Position in NVR, Inc. (NYSE:NVR)

Pacer Advisors Inc. lessened its stake in NVR, Inc. (NYSE:NVR) by 52.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 261 shares of the construction company’s stock after selling 283 shares during the quarter. Pacer Advisors Inc.’s holdings in NVR were worth $2,135,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its position in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of NVR in the third quarter valued at about $39,000. Rakuten Securities Inc. acquired a new position in shares of NVR during the third quarter worth about $39,000. Private Trust Co. NA grew its holdings in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in NVR in the 3rd quarter valued at approximately $49,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR opened at $7,999.06 on Friday. The company has a market cap of $24.48 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.34 and a beta of 1.20. The firm has a 50-day moving average of $8,439.94 and a 200-day moving average of $8,880.95. NVR, Inc. has a one year low of $7,018.03 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. As a group, equities analysts forecast that NVR, Inc. will post 521.74 earnings per share for the current year.

NVR declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NVR has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday. Bank of America decreased their target price 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. UBS Group increased their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

Insider Activity at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the business’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 sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. This represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.

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.