Commonwealth Equity Services LLC Lowers Position in NVR, Inc. (NYSE:NVR)

Commonwealth Equity Services LLC cut its stake in shares of NVR, Inc. (NYSE:NVR) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,825 shares of the construction company’s stock after selling 15 shares during the period. Commonwealth Equity Services LLC’s holdings in NVR were worth $14,926,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NVR. CIBC Asset Management Inc boosted its holdings in NVR by 6.9% during the third quarter. CIBC Asset Management Inc now owns 465 shares of the construction company’s stock worth $4,562,000 after purchasing an additional 30 shares during the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in shares of NVR in the 3rd quarter worth approximately $304,000. Drive Wealth Management LLC grew its holdings in shares of NVR by 10.7% in the third quarter. Drive Wealth Management LLC now owns 31 shares of the construction company’s stock valued at $304,000 after acquiring an additional 3 shares in the last quarter. Smead Capital Management Inc. increased its position in shares of NVR by 3.5% during the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock valued at $355,365,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of NVR during the third quarter valued at approximately $1,717,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVR. JPMorgan Chase & Co. reduced their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. UBS Group increased their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, NVR currently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value 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 trade represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.00% of the company’s stock.

NVR Price Performance

Shares of NYSE NVR opened at $7,208.82 on Tuesday. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The stock has a fifty day simple moving average of $7,662.17 and a two-hundred day simple moving average of $8,604.41. 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, Inc. has a 1-year low of $7,015.00 and a 1-year high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in 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.

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.