NVR, Inc. (NYSE:NVR) Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 13.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 65 shares of the construction company’s stock after selling 10 shares during the quarter. Denali Advisors LLC’s holdings in NVR were worth $532,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NVR. Blue Trust Inc. bought a new stake in shares of NVR during the third quarter valued at about $39,000. Rakuten Securities Inc. acquired a new position in NVR during the 3rd quarter valued at about $39,000. Private Trust Co. NA raised its position in shares of NVR by 66.7% during the 3rd 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. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR in the 3rd quarter worth approximately $49,000. Finally, Quantbot Technologies LP bought a new position in shares of NVR in the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. UBS Group raised their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR Price Performance

NVR stock opened at $7,192.89 on Thursday. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77. The firm has a 50-day moving average of $7,887.25 and a two-hundred day moving average of $8,748.74. The firm has a market capitalization of $21.51 billion, a PE ratio of 14.17, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board 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.