DekaBank Deutsche Girozentrale Sells 55 Shares of NVR, Inc. (NYSE:NVR)

DekaBank Deutsche Girozentrale lowered its position in NVR, Inc. (NYSE:NVR) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,449 shares of the construction company’s stock after selling 55 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.08% of NVR worth $16,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NVR. Allworth Financial LP increased its position in NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after acquiring an additional 4 shares during the period. International Assets Investment Management LLC raised its position in NVR by 626,255.3% during the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock worth $1,666,212,000 after purchasing an additional 237,977 shares during the last quarter. Arizona State Retirement System lifted its holdings in NVR by 1.2% during the 4th quarter. Arizona State Retirement System now owns 897 shares of the construction company’s stock worth $6,279,000 after buying an additional 11 shares during the period. Ballentine Partners LLC bought a new stake in shares of NVR in the 4th quarter valued at about $203,000. Finally, Cigna Investments Inc. New acquired a new stake in shares of NVR in the fourth quarter valued at about $224,000. Institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.

NVR Price Performance

Shares of NYSE NVR opened at $7,871.15 on Tuesday. 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 company has a market capitalization of $25.19 billion, a PE ratio of 16.99, a P/E/G ratio of 2.96 and a beta of 1.13. The firm has a fifty day simple moving average of $7,629.86 and a 200 day simple moving average of $6,815.62. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $8,211.40.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 earnings per share 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 analyst estimates of $2.61 billion. During the same period last year, the company posted $133.44 EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis. On average, sell-side analysts forecast that NVR, Inc. will post 484.65 EPS for the current year.

NVR announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 14th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Susan Williamson Ross sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the sale, the director now owns 405 shares in the company, valued at $2,974,700.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,751,450. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan Williamson Ross sold 250 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the completion of the sale, the director now directly owns 405 shares of the company’s stock, valued at $2,974,700.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,981 shares of company stock worth $59,155,947. 7.00% of the stock is currently owned by company insiders.

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.