Atwater Malick LLC Trims Stock Position in NVR, Inc. (NYSE:NVR)

Atwater Malick LLC decreased its position in NVR, Inc. (NYSE:NVR) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34 shares of the construction company’s stock after selling 3 shares during the period. Atwater Malick LLC’s holdings in NVR were worth $278,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NVR. Massmutual Trust Co. FSB ADV lifted its holdings 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 period. GAMMA Investing LLC raised its holdings in shares of NVR by 13.3% in the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock valued at $167,000 after acquiring an additional 2 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in NVR by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock worth $5,917,000 after acquiring an additional 2 shares during the period. Metis Global Partners LLC grew its holdings in NVR by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock worth $1,119,000 after acquiring an additional 2 shares in the last quarter. Finally, Private Trust Co. NA increased its position in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $8,381.72 on Friday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The company has a market cap of $25.65 billion, a PE ratio of 17.13, a PEG ratio of 1.57 and a beta of 1.20. NVR, Inc. has a 12-month low of $6,800.00 and a 12-month high of $9,964.77. The business’s fifty day simple moving average is $8,605.45 and its 200-day simple moving average is $8,841.52.

NVR (NYSE:NVR) last announced its earnings results 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 business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $125.26 earnings per share. Analysts expect that NVR, Inc. will post 494.48 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 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at NVR

In other news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now directly 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 sale 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 firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. This trade represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 in the last three months. 7.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.