NVR, Inc. (NYSE:NVR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in NVR, Inc. (NYSE:NVR) by 9.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 792 shares of the construction company’s stock after selling 83 shares during the period. Nisa Investment Advisors LLC’s holdings in NVR were worth $6,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after purchasing an additional 2 shares during the period. Blue Trust Inc. purchased a new position in NVR during the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. acquired a new stake in NVR during the 3rd quarter valued at approximately $39,000. Private Trust Co. NA increased its stake in shares of NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR in the third quarter worth $49,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analysts Set New Price Targets

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

NVR Stock Performance

NYSE NVR opened at $8,220.68 on Friday. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.67 and a beta of 1.20. The stock has a 50-day moving average of $8,525.11 and a 200 day moving average of $8,872.35. 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 twelve month low of $6,800.00 and a twelve month high of $9,964.77.

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

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

Insider Activity at NVR

In other NVR news, 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 sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

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.