NVR, Inc. (NYSE:NVR) Shares Purchased by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC boosted its holdings in shares of NVR, Inc. (NYSE:NVR) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 269 shares of the construction company’s stock after buying an additional 9 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in NVR were worth $2,200,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NVR. Blue Trust Inc. acquired a new stake in shares of NVR in the third quarter valued at $39,000. JPMorgan Chase & Co. raised its position in NVR by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after purchasing an additional 2,206 shares in the last quarter. Peak Financial Advisors LLC purchased a new position in shares of NVR in the 4th quarter valued at about $1,235,000. Intech Investment Management LLC acquired a new position in shares of NVR during the third quarter worth about $9,341,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of NVR by 11.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock worth $24,667,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling

In other news, CAO Matthew B. Kelpy sold 400 shares of the company’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 transaction of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

NVR Price Performance

Shares of NYSE NVR opened at $7,999.06 on Friday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The stock has a market cap of $24.48 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.34 and a beta of 1.20. The stock has a 50 day moving average of $8,439.94 and a two-hundred day moving average of $8,880.95. NVR, Inc. has a twelve month low of $7,018.03 and a twelve month high of $9,964.77.

NVR (NYSE:NVR) last issued its quarterly 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 39.58%. On average, research analysts forecast that NVR, Inc. will post 521.74 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of recent research reports. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. UBS Group lifted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Bank of America dropped their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9,356.67.

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.