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

River Road Asset Management LLC trimmed its stake in NVR, Inc. (NYSE:NVR) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 900 shares of the construction company’s stock after selling 20 shares during the period. River Road Asset Management LLC’s holdings in NVR were worth $6,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Global Retirement Partners LLC increased its stake in shares of NVR by 5.0% in the 3rd quarter. Global Retirement Partners LLC now owns 42 shares of the construction company’s stock worth $249,000 after purchasing an additional 2 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of NVR by 1.2% in the 3rd quarter. Ritholtz Wealth Management now owns 173 shares of the construction company’s stock worth $1,032,000 after purchasing an additional 2 shares in the last quarter. AE Wealth Management LLC increased its stake in shares of NVR by 5.7% in the 3rd quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock worth $221,000 after purchasing an additional 2 shares in the last quarter. Castleview Partners LLC boosted its holdings in NVR by 4.3% in the 3rd quarter. Castleview Partners LLC now owns 72 shares of the construction company’s stock worth $429,000 after buying an additional 3 shares during the period. Finally, Brighton Jones LLC boosted its holdings in NVR by 8.1% in the 3rd quarter. Brighton Jones LLC now owns 40 shares of the construction company’s stock worth $239,000 after buying an additional 3 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Trading Up 0.2 %

Shares of NVR stock opened at $7,669.94 on Thursday. The company has a market capitalization of $24.54 billion, a P/E ratio of 16.56, a P/E/G ratio of 2.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. The company has a fifty day moving average of $7,704.09 and a 200 day moving average of $6,897.66. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40.

NVR (NYSE:NVR) last issued its 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 net margin of 17.09% and a return on equity of 38.50%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the firm posted $133.44 EPS. NVR’s quarterly revenue was down 10.5% compared to the same quarter last year. On average, sell-side analysts anticipate that NVR, Inc. will post 497.8 earnings per share for the current fiscal year.

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

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 250 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the transaction, the director now owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the transaction, the chief financial officer now owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Williamson Ross sold 250 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the transaction, the director now directly owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock valued at $59,155,947 in the last 90 days. Insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

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

About NVR

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.