Redmond Asset Management LLC Trims Stake in NVR, Inc. (NYSE:NVR)

Redmond Asset Management LLC lowered its holdings in NVR, Inc. (NYSE:NVR) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100 shares of the construction company’s stock after selling 18 shares during the quarter. Redmond Asset Management LLC’s holdings in NVR were worth $818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVR. Jennison Associates LLC acquired a new position in NVR during the 3rd quarter worth $348,545,000. Mizuho Securities USA LLC grew its stake in 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 purchasing an additional 16,266 shares in the last quarter. KBC Group NV grew its stake in NVR by 299.9% during the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock worth $55,162,000 after purchasing an additional 4,216 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of NVR by 53.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,690 shares of the construction company’s stock worth $104,888,000 after acquiring an additional 3,741 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of NVR by 6,012.1% during the 4th quarter. SG Americas Securities LLC now owns 3,545 shares of the construction company’s stock worth $28,994,000 after acquiring an additional 3,487 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR stock opened at $7,084.39 on Friday. NVR, Inc. has a 52-week low of $7,073.38 and a 52-week high of $9,964.77. The stock’s fifty day simple moving average is $7,959.67 and its 200-day simple moving average is $8,770.32. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $21.18 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

NVR (NYSE:NVR) last released its quarterly earnings data 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 39.67% and a net margin of 16.34%. Equities research analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NVR shares. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. 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 target price 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. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9,356.67.

Insider Buying and Selling

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on Monday, February 10th. The stock was 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 in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.00% of the company’s stock.

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.