Metis Global Partners LLC Reduces Holdings in NVR, Inc. (NYSE:NVR)

Metis Global Partners LLC reduced its stake in NVR, Inc. (NYSE:NVR) by 29.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116 shares of the construction company’s stock after selling 49 shares during the quarter. Metis Global Partners LLC’s holdings in NVR were worth $812,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in shares of NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock worth $1,666,212,000 after buying an additional 237,977 shares during the last quarter. Unison Advisors LLC purchased a new position in NVR in the 4th quarter worth $2,345,000. AIA Group Ltd lifted its position in NVR by 15.6% during the 4th quarter. AIA Group Ltd now owns 311 shares of the construction company’s stock worth $2,177,000 after acquiring an additional 42 shares during the period. Fortis Capital Management LLC grew its stake in NVR by 6.8% during the 3rd quarter. Fortis Capital Management LLC now owns 219 shares of the construction company’s stock valued at $1,307,000 after purchasing an additional 14 shares during the last quarter. Finally, Paralel Advisors LLC increased its holdings in shares of NVR by 1.2% in the third quarter. Paralel Advisors LLC now owns 343 shares of the construction company’s stock valued at $2,045,000 after purchasing an additional 4 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

NVR Price Performance

Shares of NVR opened at $7,670.91 on Friday. The business’s 50-day moving average is $7,750.96 and its two-hundred day moving average is $7,084.05. The company has a market capitalization of $24.30 billion, a P/E ratio of 15.99, a P/E/G ratio of 3.20 and a beta of 1.13. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the company earned $99.89 earnings per share. NVR’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts predict that NVR, Inc. will post 487.53 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 100 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,751,450. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director William Grady Rosier sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the completion of the transaction, the director now directly owns 1,701 shares of the company’s stock, valued at approximately $13,039,236.63. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,751,450. The disclosure for this sale can be found here. Insiders have sold 5,802 shares of company stock valued at $43,672,724 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

NVR Company 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.