Everence Capital Management Inc. Sells 80 Shares of NVR, Inc. (NYSE:NVR)

Everence Capital Management Inc. trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 61.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50 shares of the construction company’s stock after selling 80 shares during the period. Everence Capital Management Inc.’s holdings in NVR were worth $350,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. First Pacific Financial bought a new stake in NVR during the third quarter valued at about $30,000. Clear Street Markets LLC lifted its stake in shares of NVR by 133.3% in the first quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock valued at $39,000 after buying an additional 4 shares during the period. Allworth Financial LP lifted its stake in shares of NVR by 100.0% in the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after buying an additional 4 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of NVR in the second quarter valued at about $64,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of NVR in the third quarter valued at about $78,000. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Performance

NYSE:NVR opened at $7,718.27 on Friday. NVR, Inc. has a 12-month low of $5,210.49 and a 12-month high of $8,211.40. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $24.70 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 2.79 and a beta of 1.13. The firm has a 50-day moving average price of $7,708.72 and a 200 day moving average price of $6,903.36.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $121.50 by $0.06. NVR had a net margin of 17.09% and a return on equity of 38.50%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the business posted $133.44 earnings per share. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. Research analysts anticipate that NVR, Inc. will post 499.45 earnings per share for the current fiscal year.

NVR announced that its board has authorized a stock buyback program on Wednesday, February 14th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th.

Insider Buying and Selling

In related news, Chairman Paul C. Saville sold 250 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the completion of the sale, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,684,750. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock valued at $59,155,947 over the last quarter. Corporate insiders own 7.00% of the company’s stock.

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.