Motley Fool Asset Management LLC Reduces Stock Holdings in NVR, Inc. (NYSE:NVR)

Motley Fool Asset Management LLC reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 10.6% during the fourth quarter, Holdings Channel reports. The firm owned 59 shares of the construction company’s stock after selling 7 shares during the quarter. Motley Fool Asset Management LLC’s holdings in NVR were worth $413,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NVR. Vanguard Group Inc. raised its position in shares of NVR by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock worth $2,137,259,000 after acquiring an additional 7,516 shares in the last quarter. International Assets Investment Management LLC grew its position in NVR by 626,255.3% during the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after purchasing an additional 237,977 shares during the last quarter. Invesco Ltd. raised its holdings in NVR by 11.2% in the 3rd quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock worth $264,287,000 after acquiring an additional 4,468 shares during the last quarter. Smead Capital Management Inc. boosted its position in shares of NVR by 0.7% during the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock valued at $276,385,000 after buying an additional 277 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of NVR by 11.4% in the third quarter. Northern Trust Corp now owns 38,518 shares of the construction company’s stock worth $229,694,000 after acquiring an additional 3,943 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group raised their price target on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research note on Wednesday.

Insider Buying and Selling

In other news, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Paul C. Saville sold 250 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $813,314,665.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,751,450. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,981 shares of company stock valued at $59,155,947. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Down 1.0 %

NYSE NVR opened at $7,647.04 on Friday. The stock’s 50-day moving average price is $7,741.99 and its 200-day moving average price is $6,976.75. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $24.47 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 3.21 and a beta of 1.13. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $8,211.40.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the prior year, the firm posted $99.89 EPS. NVR’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that NVR, Inc. will post 494.66 earnings per share for the current year.

NVR declared that its board has approved a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.