Northern Financial Advisors Inc Has $3.95 Million Stock Position in NVR, Inc. (NYSE:NVR)

Northern Financial Advisors Inc lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 29.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 564 shares of the construction company’s stock after selling 239 shares during the period. NVR accounts for 3.3% of Northern Financial Advisors Inc’s portfolio, making the stock its 4th largest holding. Northern Financial Advisors Inc’s holdings in NVR were worth $3,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Greenleaf Trust boosted its position in shares of NVR by 4.9% in the fourth quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock valued at $301,000 after acquiring an additional 2 shares during the period. PYA Waltman Capital LLC grew its position in NVR by 0.5% in the 4th quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock worth $2,968,000 after purchasing an additional 2 shares during the last quarter. Castleview Partners LLC increased its holdings in shares of NVR by 4.3% during the 3rd quarter. Castleview Partners LLC now owns 72 shares of the construction company’s stock worth $429,000 after purchasing an additional 3 shares during the period. Brighton Jones LLC raised its position in shares of NVR by 8.1% during the third quarter. Brighton Jones LLC now owns 40 shares of the construction company’s stock valued at $239,000 after buying an additional 3 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its stake in shares of NVR by 14.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 24 shares of the construction company’s stock valued at $143,000 after buying an additional 3 shares during the period. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In related news, CFO Daniel David Malzahn sold 479 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $7,340.01, for a total transaction of $3,515,864.79. Following the completion of the sale, the chief financial officer now owns 13,682 shares in the company, valued at approximately $100,426,016.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVR news, Chairman Paul C. Saville sold 1,500 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $7,510.05, for a total value of $11,265,075.00. Following the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $802,523,943. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Daniel David Malzahn sold 479 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $7,340.01, for a total value of $3,515,864.79. Following the completion of the sale, the chief financial officer now owns 13,682 shares of the company’s stock, valued at $100,426,016.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,781 shares of company stock worth $43,282,357. Corporate insiders own 7.00% of the company’s stock.

NVR Price Performance

NVR traded down $129.31 during midday trading on Wednesday, reaching $7,625.11. 4,906 shares of the company’s stock were exchanged, compared to its average volume of 18,833. 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 business has a 50-day simple moving average of $7,750.82 and a two-hundred day simple moving average of $7,076.55. The firm has a market capitalization of $24.17 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 3.20 and a beta of 1.13. NVR, Inc. has a one year low of $5,210.49 and a one year high of $8,211.40.

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 business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the company earned $99.89 EPS. NVR’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts predict that NVR, Inc. will post 487.53 EPS for the current year.

NVR declared that its board has initiated a stock repurchase program on Wednesday, February 14th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on NVR shares. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. UBS Group raised their target price on 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 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.