HB Wealth Management LLC Boosts Stock Position in NVR, Inc. (NYSE:NVR)

HB Wealth Management LLC grew its stake in shares of NVR, Inc. (NYSE:NVR) by 22.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44 shares of the construction company’s stock after buying an additional 8 shares during the period. HB Wealth Management LLC’s holdings in NVR were worth $308,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in NVR by 34.4% in the 4th quarter. SG Americas Securities LLC now owns 121 shares of the construction company’s stock worth $847,000 after acquiring an additional 31 shares during the last quarter. Whittier Trust Co. bought a new position in shares of NVR during the 4th quarter valued at approximately $490,000. Raymond James Trust N.A. increased its position in shares of NVR by 4.8% during the 4th quarter. Raymond James Trust N.A. now owns 88 shares of the construction company’s stock valued at $616,000 after purchasing an additional 4 shares during the last quarter. Lakewood Asset Management LLC increased its position in shares of NVR by 0.7% during the 4th quarter. Lakewood Asset Management LLC now owns 431 shares of the construction company’s stock valued at $3,017,000 after purchasing an additional 3 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its position in shares of NVR by 1.4% during the 4th quarter. Gateway Investment Advisers LLC now owns 2,145 shares of the construction company’s stock valued at $15,016,000 after purchasing an additional 29 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Trading Up 1.5 %

Shares of NYSE:NVR opened at $8,099.96 on Friday. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $8,158.99. The stock has a market cap of $25.92 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 3.68 and a beta of 1.13. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $7,512.38 and a 200-day moving average price of $6,719.27.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $121.50 by $0.06. NVR had a return on equity of 38.50% and a net margin of 17.09%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the business posted $133.44 earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. Equities analysts predict that NVR, Inc. will post 484.48 EPS for the current year.

NVR announced that its Board of Directors has initiated a share buyback program on Wednesday, February 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NVR. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft raised NVR from a “sell” rating to a “hold” rating and raised their price objective for the company from $4,900.00 to $6,300.00 in a research report on Friday, December 8th.

Insider Buying and Selling

In related news, Chairman Paul C. Saville sold 250 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the sale, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at $95,802,631.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Paul C. Saville sold 250 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the sale, the chairman now directly owns 106,860 shares in the company, valued at $813,314,665.80. The disclosure for this sale can be found here. Insiders have sold a total of 7,981 shares of company stock valued at $59,155,947 over the last ninety days. Company insiders own 7.00% of the company’s stock.

About NVR

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.