Hennessy Advisors Inc. Sells 100 Shares of NVR, Inc. (NYSE:NVR)

Hennessy Advisors Inc. decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 300 shares of the construction company’s stock after selling 100 shares during the quarter. Hennessy Advisors Inc.’s holdings in NVR were worth $2,454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in NVR by 1,100,012.1% in the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after purchasing an additional 363,004 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of NVR in the third quarter worth $348,545,000. Mizuho Securities USA LLC boosted its holdings in shares of NVR by 6,454.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock worth $162,071,000 after buying an additional 16,266 shares during the period. Epoch Investment Partners Inc. grew its stake in NVR by 56.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after buying an additional 8,140 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in NVR by 254.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock valued at $87,001,000 after buying an additional 6,363 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Activity at NVR

In other news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. This trade represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock valued at $7,294,073 over the last quarter. 7.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of recent analyst reports. Bank of America decreased their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group reduced their price objective on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9,531.67.

NVR Price Performance

Shares of NYSE:NVR opened at $8,381.72 on Friday. The firm has a market capitalization of $25.65 billion, a PE ratio of 17.13, a PEG ratio of 1.57 and a beta of 1.20. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 1-year low of $6,800.00 and a 1-year high of $9,964.77. The business’s 50 day moving average is $8,605.45 and its 200-day moving average is $8,851.18.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the firm earned $125.26 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts predict that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

NVR Company 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.