AIA Group Ltd Grows Stake in NVR, Inc. (NYSE:NVR)

AIA Group Ltd grew its position in NVR, Inc. (NYSE:NVR) by 15.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 311 shares of the construction company’s stock after purchasing an additional 42 shares during the period. AIA Group Ltd’s holdings in NVR were worth $2,177,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

NVR Trading Up 0.4 %

NYSE NVR opened at $7,702.26 on Friday. The company has a market capitalization of $24.65 billion, a PE ratio of 16.66, a P/E/G ratio of 2.79 and a beta of 1.13. The company has a fifty day moving average of $7,708.72 and a 200 day moving average of $6,903.36. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $121.50 by $0.06. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.61 billion. NVR had a net margin of 17.09% and a return on equity of 38.50%. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $133.44 earnings per share. Research analysts forecast that NVR, Inc. will post 499.45 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share buyback program on Wednesday, February 14th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,684,750. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the transaction, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 200 shares of the firm’s 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 $1,684,750. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,981 shares of company stock worth $59,155,947. Company insiders own 7.00% of the company’s stock.

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.