NVR, Inc. (NYSE:NVR) Shares Sold by Vision Capital Management Inc.

Vision Capital Management Inc. reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 316 shares of the construction company’s stock after selling 4 shares during the quarter. Vision Capital Management Inc.’s holdings in NVR were worth $2,585,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of NVR. Blue Trust Inc. purchased a new stake in NVR during the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. purchased a new stake in NVR during the 3rd quarter worth approximately $39,000. Private Trust Co. NA increased its holdings in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in NVR during the 3rd quarter worth approximately $49,000. Finally, Quantbot Technologies LP purchased a new stake in NVR during the 3rd quarter worth approximately $59,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on NVR shares. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. dropped their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Bank of America dropped their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, UBS Group boosted their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, NVR has an average rating of “Hold” and a consensus target price of $9,356.67.

Insider Transactions at NVR

In related news, Director David A. Preiser sold 250 shares of the 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 transaction of $2,325,660.00. Following the sale, the director now directly owns 239 shares in the company, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is currently owned by insiders.

NVR Price Performance

NYSE NVR opened at $7,789.72 on Thursday. NVR, Inc. has a twelve month low of $7,209.12 and a twelve month high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The stock has a market capitalization of $23.84 billion, a PE ratio of 15.35, a P/E/G ratio of 2.60 and a beta of 1.20. The stock has a 50-day simple moving average of $8,351.32 and a 200 day simple moving average of $8,870.72.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. Research analysts anticipate that NVR, Inc. will post 512.33 EPS for the current year.

NVR declared that its board has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are 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.