IFG Advisory LLC Sells 164 Shares of NVR, Inc. (NYSE:NVR)

IFG Advisory LLC lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 39.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 251 shares of the construction company’s stock after selling 164 shares during the period. IFG Advisory LLC’s holdings in NVR were worth $1,757,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. First Pacific Financial bought a new position in NVR in the 3rd quarter worth about $30,000. Clear Street Markets LLC increased its position in shares of NVR by 133.3% during the 1st quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock valued at $39,000 after purchasing an additional 4 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of NVR during the 2nd quarter valued at about $64,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of NVR during the 3rd quarter valued at about $66,000. Finally, Huntington National Bank purchased a new stake in shares of NVR during the 2nd quarter valued at about $76,000. Institutional investors own 83.67% of the company’s stock.

NVR Trading Up 1.6 %

NVR stock opened at $7,988.23 on Thursday. NVR, Inc. has a 1-year low of $5,210.49 and a 1-year high of $8,118.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90. The company has a market capitalization of $25.56 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 3.68 and a beta of 1.13. The business has a 50 day simple moving average of $7,494.08 and a two-hundred day simple moving average of $6,709.62.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, topping the consensus estimate of $121.50 by $0.06. NVR had a return on equity of 38.50% and a net margin of 17.09%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the company posted $133.44 EPS. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. Research analysts anticipate that NVR, Inc. will post 484.48 EPS for the current fiscal year.

NVR declared that its board has approved a share repurchase plan on Wednesday, February 14th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

NVR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised shares of NVR from a “sell” rating to a “hold” rating and upped their price target for the company from $4,900.00 to $6,300.00 in a research report on Friday, December 8th. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.

Insiders Place Their Bets

In other NVR news, Chairman Paul C. Saville sold 250 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the transaction, the chairman now directly owns 106,860 shares in the company, valued at approximately $813,314,665.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,684,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Paul C. Saville sold 250 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock worth $59,155,947 in the last three months. 7.00% of the stock is owned by company 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.