Mackenzie Financial Corp Sells 117 Shares of NVR, Inc. (NYSE:NVR)

Mackenzie Financial Corp lowered its stake in NVR, Inc. (NYSE:NVR) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,293 shares of the construction company’s stock after selling 117 shares during the quarter. Mackenzie Financial Corp’s holdings in NVR were worth $9,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. First Pacific Financial bought a new stake in shares of NVR during the 3rd quarter valued at about $30,000. Clear Street Markets LLC boosted its position in shares of NVR by 133.3% during the 1st quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock valued at $39,000 after acquiring an additional 4 shares during the last quarter. Allworth Financial LP boosted its position in shares of NVR by 100.0% during the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after acquiring an additional 4 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of NVR during the 2nd quarter valued at about $64,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of NVR during the 3rd quarter valued at about $78,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

NYSE:NVR opened at $7,685.00 on Friday. The business has a 50 day moving average of $7,713.46 and a 200 day moving average of $6,915.29. The company has a market capitalization of $24.59 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 2.80 and a beta of 1.13. 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 released its earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, topping 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 return on equity of 38.50% and a net margin of 17.09%. NVR’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $133.44 EPS. On average, sell-side analysts predict that NVR, Inc. will post 499.45 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has approved a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

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

Insider Buying and Selling

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