Pitcairn Co. Sells 2 Shares of NVR, Inc. (NYSE:NVR)

Pitcairn Co. reduced its position in shares of NVR, Inc. (NYSE:NVR) by 4.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 39 shares of the construction company’s stock after selling 2 shares during the quarter. Pitcairn Co.’s holdings in NVR were worth $319,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of NVR during the third quarter valued at about $49,000. EverSource Wealth Advisors LLC raised its position in NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after purchasing an additional 3 shares during the last quarter. Quantbot Technologies LP bought a new position in NVR during the 3rd quarter valued at approximately $59,000. Smartleaf Asset Management LLC lifted its holdings in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after buying an additional 3 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after buying an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 4.3 %

NVR opened at $7,413.38 on Monday. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52 week low of $7,000.00 and a 52 week high of $9,964.77. The stock has a market cap of $22.01 billion, a PE ratio of 14.61, a PEG ratio of 2.39 and a beta of 1.07. The business has a 50 day moving average of $7,407.03 and a 200-day moving average of $8,412.35.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

NVR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. UBS Group upped their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9,356.67.

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.