NVR, Inc. (NYSE:NVR) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in NVR, Inc. (NYSE:NVR) by 36.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 574 shares of the construction company’s stock after selling 334 shares during the quarter. Stifel Financial Corp’s holdings in NVR were worth $5,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVR. International Assets Investment Management LLC raised its position in NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after buying an additional 363,004 shares during the last quarter. Smead Capital Management Inc. increased its stake in shares of NVR by 3.5% in the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock worth $355,365,000 after acquiring an additional 1,223 shares during the period. Jennison Associates LLC purchased a new position in shares of NVR during the third quarter worth $348,545,000. Marshfield Associates lifted its position in NVR by 0.3% during the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock valued at $248,290,000 after purchasing an additional 96 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in NVR by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock valued at $221,595,000 after purchasing an additional 906 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NVR shares. JPMorgan Chase & Co. reduced their price objective on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a research note on Friday. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America lowered their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, UBS Group increased their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, NVR currently has a consensus rating of “Hold” and a consensus target price of $9,765.00.

NVR Stock Performance

NVR opened at $8,587.63 on Friday. The firm’s fifty day simple moving average is $9,250.20 and its two-hundred day simple moving average is $8,748.37. NVR, Inc. has a 52-week low of $6,768.02 and a 52-week high of $9,964.77. The company has a market cap of $26.28 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.90 and a beta of 1.18. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $125.26 earnings per share. Equities analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

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

Insider Activity at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. This represents a 65.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently 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.