NVR, Inc. (NYSE:NVR) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of NVR, Inc. (NYSE:NVR) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47 shares of the construction company’s stock after buying an additional 2 shares during the period. Sequoia Financial Advisors LLC’s holdings in NVR were worth $384,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its stake 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 valued at $49,000 after acquiring an additional 2 shares in the last quarter. GAMMA Investing LLC grew its stake in NVR by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock valued at $155,000 after purchasing an additional 2 shares in the last quarter. Crestmont Private Wealth LLC increased its holdings in NVR by 3.9% during the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock worth $433,000 after purchasing an additional 2 shares during the last quarter. Lakewood Asset Management LLC raised its position in shares of NVR by 0.5% in the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock valued at $3,206,000 after purchasing an additional 2 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of NVR by 5.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company’s stock valued at $294,000 after buying an additional 2 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

NVR stock opened at $7,183.75 on Wednesday. The stock’s 50 day simple moving average is $7,648.07 and its 200 day simple moving average is $8,590.49. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The firm has a market cap of $21.48 billion, a P/E ratio of 14.15, a P/E/G ratio of 2.39 and a beta of 1.25. 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 earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has authorized a stock buyback 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 repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

NVR has been the subject of a number of research analyst reports. UBS Group lifted their price target 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, January 29th. JPMorgan Chase & Co. cut their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9,356.67.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is currently owned by corporate insiders.

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.