HighTower Advisors LLC Decreases Stock Position in NVR, Inc. (NYSE:NVR)

HighTower Advisors LLC lessened its stake in NVR, Inc. (NYSE:NVR) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,019 shares of the construction company’s stock after selling 71 shares during the quarter. HighTower Advisors LLC’s holdings in NVR were worth $8,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVR. CIBC Asset Management Inc boosted its holdings in NVR by 6.9% in the 3rd quarter. CIBC Asset Management Inc now owns 465 shares of the construction company’s stock worth $4,562,000 after acquiring an additional 30 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new position in NVR in the 3rd quarter worth approximately $304,000. Drive Wealth Management LLC boosted its holdings in NVR by 10.7% in the 3rd quarter. Drive Wealth Management LLC now owns 31 shares of the construction company’s stock worth $304,000 after acquiring an additional 3 shares during the period. Smead Capital Management Inc. boosted its stake in shares of NVR by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock valued at $355,365,000 after buying an additional 1,223 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of NVR during the 3rd quarter valued at approximately $1,717,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.00% of the stock is currently owned by company insiders.

NVR Stock Performance

Shares of NVR opened at $7,208.82 on Tuesday. The business’s fifty day moving average price is $7,662.17 and its 200 day moving average price is $8,604.41. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The stock has a market capitalization of $21.55 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NVR shares. JPMorgan Chase & Co. reduced their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. UBS Group increased their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9,356.67.

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.