NVR, Inc. (NYSE:NVR) Stock Holdings Lifted by Smead Capital Management Inc.

Smead Capital Management Inc. raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 39,481 shares of the construction company’s stock after purchasing an additional 277 shares during the period. NVR comprises 4.9% of Smead Capital Management Inc.’s portfolio, making the stock its 9th largest holding. Smead Capital Management Inc.’s holdings in NVR were worth $276,385,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NVR. American Century Companies Inc. increased its position in NVR by 4.5% during the 1st quarter. American Century Companies Inc. now owns 534 shares of the construction company’s stock valued at $2,386,000 after purchasing an additional 23 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in NVR by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 438 shares of the construction company’s stock valued at $1,957,000 after purchasing an additional 27 shares during the period. Yousif Capital Management LLC increased its position in NVR by 2.1% during the 1st quarter. Yousif Capital Management LLC now owns 533 shares of the construction company’s stock valued at $2,381,000 after purchasing an additional 11 shares during the period. Raymond James Trust N.A. grew its position in shares of NVR by 8.6% in the 1st quarter. Raymond James Trust N.A. now owns 88 shares of the construction company’s stock worth $393,000 after buying an additional 7 shares during the last quarter. Finally, Prudential PLC purchased a new position in shares of NVR in the 1st quarter worth approximately $357,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Up 0.9 %

Shares of NVR stock traded up $66.48 on Thursday, reaching $7,736.42. The stock had a trading volume of 11,965 shares, compared to its average volume of 18,772. The company has a 50 day moving average price of $7,704.09 and a 200 day moving average price of $6,897.66. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The stock has a market capitalization of $24.76 billion, a P/E ratio of 16.56, a P/E/G ratio of 2.79 and a beta of 1.13.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $121.50 by $0.06. NVR had a net margin of 17.09% and a return on equity of 38.50%. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the firm earned $133.44 EPS. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, equities research analysts forecast that NVR, Inc. will post 497.8 EPS for the current year.

NVR announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 14th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

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

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th.

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.