Checchi Capital Advisers LLC Reduces Stake in NVR, Inc. (NYSE:NVR)

Checchi Capital Advisers LLC cut its position in shares of NVR, Inc. (NYSE:NVR) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55 shares of the construction company’s stock after selling 7 shares during the quarter. Checchi Capital Advisers LLC’s holdings in NVR were worth $450,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NVR. Principal Financial Group Inc. boosted its position in shares of NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after buying an additional 1,549 shares in the last quarter. Jennison Associates LLC increased its holdings in NVR by 5.7% during the 4th quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock valued at $307,118,000 after acquiring an additional 2,027 shares in the last quarter. Smead Capital Management Inc. raised its position in NVR by 3.5% during the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock worth $355,365,000 after acquiring an additional 1,223 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NVR by 8.1% in the third 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 purchasing 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 in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVR

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVR. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group boosted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Four research 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 company presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR Stock Down 0.4 %

NVR stock opened at $7,182.32 on Friday. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77. The stock has a market capitalization of $21.48 billion, a P/E ratio of 14.15, a PEG ratio of 2.39 and a beta of 1.20. The company has a 50 day moving average price of $7,868.87 and a two-hundred day moving average price of $8,737.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership 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.