NVR, Inc. (NYSE:NVR) Stake Reduced by Patton Fund Management Inc.

Patton Fund Management Inc. decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 574 shares of the construction company’s stock after selling 82 shares during the period. Patton Fund Management Inc.’s holdings in NVR were worth $4,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in shares of NVR by 1,100,012.1% during the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after acquiring an additional 363,004 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 period. Jennison Associates LLC purchased a new position in NVR in the third quarter valued at about $348,545,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NVR by 8.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company’s stock valued at $267,686,000 after buying an additional 2,045 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of NVR by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,702 shares of the construction company’s stock worth $163,877,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the firm’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 transaction of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now owns 239 shares in the company, valued at approximately $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. 7.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NVR. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered 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. Bank of America cut their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, UBS Group decreased their price objective on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9,306.67.

NVR Trading Down 4.0 %

Shares of NVR opened at $8,050.63 on Wednesday. The stock’s fifty day simple moving average is $8,497.43 and its 200-day simple moving average is $8,892.97. The firm has a market capitalization of $24.67 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. NVR, Inc. has a 12-month low of $6,999.44 and a 12-month high of $9,964.77. 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 released its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.51% and a return on equity of 38.20%. As a group, research analysts predict that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR declared that its board has authorized a stock repurchase plan 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 plans are usually a sign that the company’s management believes its shares are 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.