Pure Financial Advisors LLC Sells 3 Shares of NVR, Inc. (NYSE:NVR)

Pure Financial Advisors LLC lessened its holdings in NVR, Inc. (NYSE:NVR) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 314 shares of the construction company’s stock after selling 3 shares during the quarter. Pure Financial Advisors LLC’s holdings in NVR were worth $2,568,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV grew its stake in shares of NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of NVR in the third quarter worth $39,000. Rakuten Securities Inc. bought a new position in shares of NVR during the third quarter valued at $39,000. Private Trust Co. NA raised its position in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in NVR in the 3rd quarter worth about $49,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVR has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Bank of America decreased their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. UBS Group cut their target price on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9,531.67.

Insider Activity

In other news, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the business’s 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 transaction, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 in the last quarter. 7.00% of the stock is currently owned by insiders.

NVR Trading Up 0.3 %

NYSE:NVR opened at $8,381.72 on Tuesday. The company has a 50 day simple moving average of $8,588.10 and a two-hundred day simple moving average of $8,867.68. The company has a market cap of $25.65 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 12 month low of $6,800.00 and a 12 month high of $9,964.77.

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

NVR announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.