NVR, Inc. $NVR Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. decreased its position in NVR, Inc. (NYSE:NVR) by 96.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36 shares of the construction company’s stock after selling 868 shares during the period. Shell Asset Management Co.’s holdings in NVR were worth $289,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Evergreen Wealth Management LLC raised its stake in shares of NVR by 1.9% during the 2nd quarter. Evergreen Wealth Management LLC now owns 109 shares of the construction company’s stock worth $801,000 after buying an additional 2 shares during the period. Assetmark Inc. increased its stake in shares of NVR by 50.0% during the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after purchasing an additional 2 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in NVR by 25.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 10 shares of the construction company’s stock valued at $74,000 after buying an additional 2 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in NVR by 5.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 36 shares of the construction company’s stock worth $276,000 after buying an additional 2 shares in the last quarter. Finally, Empirical Finance LLC boosted its stake in shares of NVR by 1.9% in the second quarter. Empirical Finance LLC now owns 109 shares of the construction company’s stock worth $805,000 after acquiring an additional 2 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Trading Down 1.2%

NYSE NVR opened at $7,420.77 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. The stock has a market capitalization of $20.73 billion, a P/E ratio of 16.97, a PEG ratio of 2.41 and a beta of 1.03. The firm’s 50-day moving average is $7,575.07 and its two-hundred day moving average is $7,708.54. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. The business’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $139.93 EPS. On average, sell-side analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group set a $8,100.00 price target on shares of NVR in a research report on Friday. Finally, BTIG Research began coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $8,279.40.

Insider Buying and Selling

In other news, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan Williamson Ross sold 200 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the completion of the sale, the director owned 386 shares in the company, valued at $3,057,915.16. This represents a 34.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,120 shares of company stock worth $9,012,736. 7.00% of the stock is owned by corporate insiders.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.