RWA Wealth Partners LLC Makes New $280,000 Investment in NVR, Inc. (NYSE:NVR)

RWA Wealth Partners LLC bought a new stake in shares of NVR, Inc. (NYSE:NVR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 40 shares of the construction company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of NVR by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock valued at $2,137,259,000 after acquiring an additional 7,516 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of NVR by 626,255.3% during the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after acquiring an additional 237,977 shares during the last quarter. Invesco Ltd. boosted its position in shares of NVR by 11.2% during the 3rd quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock valued at $264,287,000 after acquiring an additional 4,468 shares during the last quarter. Smead Capital Management Inc. boosted its position in shares of NVR by 0.7% during the 4th quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock valued at $276,385,000 after acquiring an additional 277 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of NVR by 11.4% during the 3rd quarter. Northern Trust Corp now owns 38,518 shares of the construction company’s stock valued at $229,694,000 after acquiring an additional 3,943 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVR news, Chairman Paul C. Saville sold 250 shares of the stock in a transaction 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 sale, the chairman now owns 106,860 shares in the company, valued at $813,314,665.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Chairman Paul C. Saville sold 250 shares of the firm’s stock in a transaction 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 transaction, the chairman now owns 106,860 shares in the company, valued at $813,314,665.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Paul C. Saville sold 500 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $7,392.07, for a total value of $3,696,035.00. Following the transaction, the chairman now owns 106,860 shares in the company, valued at approximately $789,916,600.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,981 shares of company stock worth $59,155,947 over the last quarter. Company insiders own 7.00% of the company’s stock.

NVR Stock Down 0.9 %

Shares of NVR opened at $7,725.00 on Friday. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $7,736.86 and a 200 day moving average of $6,966.46. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The company has a market cap of $24.72 billion, a PE ratio of 16.10, a P/E/G ratio of 2.82 and a beta of 1.13.

NVR (NYSE:NVR) last released its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the firm posted $99.89 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that NVR, Inc. will post 502.66 EPS for the current year.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NVR shares. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group raised their price target on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday.

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.