Bradley Foster & Sargent Inc. CT Lowers Stock Holdings in NVR, Inc. (NYSE:NVR)

Bradley Foster & Sargent Inc. CT lowered its stake in NVR, Inc. (NYSE:NVR) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 893 shares of the construction company’s stock after selling 83 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in NVR were worth $7,304,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NVR. IFM Investors Pty Ltd increased its stake in NVR by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock valued at $5,917,000 after buying an additional 2 shares during the period. Metis Global Partners LLC boosted its holdings in shares of NVR by 1.8% in the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after acquiring an additional 2 shares in the last quarter. Private Trust Co. NA increased its stake in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares during the period. GAMMA Investing LLC raised its holdings in NVR by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after purchasing an additional 2 shares in the last quarter. Finally, Crestmont Private Wealth LLC lifted its position in NVR by 3.9% in the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock valued at $433,000 after purchasing an additional 2 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Down 2.4 %

Shares of NVR stock opened at $7,084.39 on Friday. The company has a 50-day moving average of $7,959.67 and a two-hundred day moving average of $8,770.32. The stock has a market cap of $21.18 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.20. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 12-month low of $7,073.38 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, research analysts anticipate that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NVR. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. decreased their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, UBS Group raised their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $9,356.67.

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.