Fort Washington Investment Advisors Inc. OH Sells 6 Shares of NVR, Inc. (NYSE:NVR)

Fort Washington Investment Advisors Inc. OH cut its stake in shares of NVR, Inc. (NYSE:NVR) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57 shares of the construction company’s stock after selling 6 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in NVR were worth $399,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in NVR. American Century Companies Inc. increased its position in shares of NVR by 4.5% during the 1st quarter. American Century Companies Inc. now owns 534 shares of the construction company’s stock valued at $2,386,000 after purchasing an additional 23 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of NVR by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 438 shares of the construction company’s stock worth $1,957,000 after buying an additional 27 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of NVR by 2.1% during the 1st quarter. Yousif Capital Management LLC now owns 533 shares of the construction company’s stock worth $2,381,000 after purchasing an additional 11 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of NVR by 8.6% during the 1st quarter. Raymond James Trust N.A. now owns 88 shares of the construction company’s stock worth $393,000 after purchasing an additional 7 shares during the last quarter. Finally, Prudential PLC purchased a new stake in shares of NVR during the 1st quarter worth $357,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at $95,802,631.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVR news, Chairman Paul C. Saville sold 250 shares of the business’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 of the company’s stock, valued at $813,314,665.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was 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 in the company, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock worth $59,155,947 over the last three months. 7.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft upgraded NVR from a “sell” rating to a “hold” rating and raised their price objective for the stock from $4,900.00 to $6,300.00 in a research note on Friday, December 8th.

NVR Stock Up 1.6 %

NVR stock opened at $7,988.23 on Thursday. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 3.68 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. The business’s 50-day moving average price is $7,494.08 and its 200 day moving average price is $6,709.62. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, beating analysts’ consensus estimates of $121.50 by $0.06. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.61 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. The business’s revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $133.44 earnings per share. As a group, sell-side analysts anticipate that NVR, Inc. will post 484.48 earnings per share for the current year.

NVR declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding 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 leadership believes its stock is undervalued.

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.