Townsend & Associates Inc Has $2.82 Million Stake in NVR, Inc. (NYSE:NVR)

Townsend & Associates Inc reduced its holdings in shares of NVR, Inc. (NYSE:NVR) by 4.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 411 shares of the construction company’s stock after selling 19 shares during the period. Townsend & Associates Inc’s holdings in NVR were worth $2,818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Greenleaf Trust lifted its holdings in shares of NVR by 4.9% in the fourth quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock valued at $301,000 after purchasing an additional 2 shares in the last quarter. PYA Waltman Capital LLC grew its stake in shares of NVR by 0.5% in the 4th quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock worth $2,968,000 after acquiring an additional 2 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of NVR by 8.1% in the third quarter. Brighton Jones LLC now owns 40 shares of the construction company’s stock valued at $239,000 after purchasing an additional 3 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of NVR by 14.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 24 shares of the construction company’s stock valued at $143,000 after purchasing an additional 3 shares in the last quarter. Finally, Lakewood Asset Management LLC boosted its holdings in NVR by 0.7% during the fourth quarter. Lakewood Asset Management LLC now owns 431 shares of the construction company’s stock worth $3,017,000 after purchasing an additional 3 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Stock Performance

NVR traded up $103.99 during midday trading on Thursday, reaching $7,678.99. The company had a trading volume of 5,898 shares, compared to its average volume of 18,839. NVR, Inc. has a 12-month low of $5,210.49 and a 12-month high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52. The business has a 50-day moving average price of $7,750.05 and a two-hundred day moving average price of $7,079.95. The stock has a market cap of $24.33 billion, a PE ratio of 15.76, a P/E/G ratio of 3.20 and a beta of 1.13.

NVR (NYSE:NVR) last posted its quarterly 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. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $99.89 EPS. On average, sell-side analysts expect that NVR, Inc. will post 487.53 earnings per share for the current fiscal year.

NVR announced that its board has authorized a stock repurchase plan on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have commented on NVR. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. UBS Group boosted their price objective on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th.

Insider Activity at NVR

In other NVR news, Director Susan Williamson Ross sold 250 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the sale, the director now owns 405 shares in the company, valued at $2,974,700.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director David A. Preiser sold 500 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the sale, the director now directly owns 239 shares of the company’s stock, valued at $1,813,104.19. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan Williamson Ross sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the transaction, the director now directly owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,302 shares of company stock worth $39,766,492. Corporate insiders own 7.00% of the company’s stock.

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.