Russell Investments Group Ltd. Sells 178 Shares of NVR, Inc. (NYSE:NVR)

Russell Investments Group Ltd. decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,832 shares of the construction company’s stock after selling 178 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of NVR worth $40,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Pacific Financial bought a new stake in shares of NVR in the third quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NVR during the 4th quarter valued at $35,000. Criterion Capital Advisors LLC bought a new stake in NVR in the 4th quarter valued at $42,000. Allworth Financial LP grew its position in NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after purchasing an additional 4 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in NVR in the 3rd quarter worth $78,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

NYSE NVR opened at $7,540.00 on Tuesday. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $8,211.40. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The stock has a market cap of $24.13 billion, a P/E ratio of 15.72, a PEG ratio of 3.17 and a beta of 1.13. The company’s 50-day simple moving average is $7,744.98 and its 200 day simple moving average is $7,000.03.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, beating 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 company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the business earned $99.89 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, research analysts forecast that NVR, Inc. will post 494.66 earnings per share for the current fiscal year.

NVR announced that its board has approved a stock buyback plan on Wednesday, February 14th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have commented on NVR shares. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group upped their target price on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th.

Insider Activity

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,684,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,981 shares of company stock worth $59,155,947. Corporate insiders own 7.00% of the company’s stock.

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.