Gulf International Bank UK Ltd decreased its holdings in NVR, Inc. (NYSE:NVR – Free Report) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 265 shares of the construction company’s stock after selling 38 shares during the quarter. Gulf International Bank UK Ltd’s holdings in NVR were worth $1,855,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Pacific Financial bought a new stake in NVR during the 3rd quarter worth approximately $30,000. Clear Street Markets LLC raised its position in shares of NVR by 133.3% during the first quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock valued at $39,000 after buying an additional 4 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of NVR during the second quarter valued at approximately $64,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of NVR during the third quarter valued at approximately $66,000. Finally, Huntington National Bank bought a new stake in shares of NVR during the second quarter valued at approximately $76,000. Institutional investors own 84.49% of the company’s stock.
NVR Stock Down 0.4 %
NYSE NVR opened at $7,971.71 on Friday. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $7,447.88 and a two-hundred day moving average of $6,672.92. The firm has a market capitalization of $25.51 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 3.72 and a beta of 1.13. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $8,118.23.
NVR (NYSE:NVR – Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, topping the consensus estimate of $121.50 by $0.06. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.61 billion. NVR had a net margin of 17.09% and a return on equity of 38.50%. NVR’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $133.44 earnings per share. On average, analysts predict that NVR, Inc. will post 484.48 earnings per share for the current year.
NVR announced that its board has authorized a stock repurchase plan on Wednesday, February 14th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of NVR from a “sell” rating to a “hold” rating and lifted their price objective for the company from $4,900.00 to $6,300.00 in a research report on Friday, December 8th. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.
Insiders Place Their Bets
In other news, Director Susan Williamson Ross sold 250 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 405 shares of the company’s stock, valued at $2,974,700.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Susan Williamson Ross sold 250 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 405 shares of the company’s stock, valued at $2,974,700.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at $95,802,631.47. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock valued at $59,155,947 over the last three months. 8.60% of the stock is owned by company insiders.
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.
See Also
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