NVR, Inc. (NYSE:NVR) Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 15.3% in the fourth quarter, HoldingsChannel reports. The fund owned 100 shares of the construction company’s stock after selling 18 shares during the period. Redmond Asset Management LLC’s holdings in NVR were worth $818,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Jennison Associates LLC purchased a new stake in shares of NVR during the third quarter valued at $348,545,000. Mizuho Securities USA LLC boosted its stake in NVR by 6,454.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after purchasing an additional 16,266 shares during the period. KBC Group NV lifted its position in shares of NVR by 299.9% in the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock worth $55,162,000 after acquiring an additional 4,216 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of NVR by 53.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,690 shares of the construction company’s stock worth $104,888,000 after buying an additional 3,741 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in NVR by 6,012.1% during the 4th quarter. SG Americas Securities LLC now owns 3,545 shares of the construction company’s stock valued at $28,994,000 after purchasing an additional 3,487 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR Stock Down 2.4 %

NYSE NVR opened at $7,084.39 on Friday. The business has a fifty day moving average price of $7,959.67 and a two-hundred day moving average price of $8,770.32. 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, Inc. has a fifty-two week low of $7,073.38 and a fifty-two week high of $9,964.77. The stock has a market capitalization of $21.18 billion, a PE ratio of 13.96, a PEG ratio of 2.39 and a beta of 1.20.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share 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 analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

Insider Transactions at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.00% of the company’s stock.

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.