NVR, Inc. (NYSE:NVR) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17 shares of the construction company’s stock after selling 2 shares during the quarter. Sentry Investment Management LLC’s holdings in NVR were worth $119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its stake in shares of NVR by 626,255.3% during the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after purchasing an additional 237,977 shares during the period. Norges Bank acquired a new position in NVR in the 4th quarter worth $138,433,000. Artisan Partners Limited Partnership purchased a new position in NVR in the 3rd quarter valued at about $62,370,000. AQR Capital Management LLC boosted its position in NVR by 91.9% in the 1st quarter. AQR Capital Management LLC now owns 17,131 shares of the construction company’s stock valued at $92,948,000 after buying an additional 8,202 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of NVR by 2.1% during the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock valued at $2,137,259,000 after acquiring an additional 7,516 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Daniel David Malzahn sold 2,000 shares of NVR stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the transaction, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction 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 in the company, valued at $95,802,631.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Paul C. Saville sold 1,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $7,510.05, for a total value of $11,265,075.00. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $802,523,943. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,981 shares of company stock valued at $59,155,947. Company insiders own 7.00% of the company’s stock.

NVR Trading Up 0.2 %

Shares of NYSE NVR opened at $7,669.94 on Thursday. 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 stock’s 50 day moving average price is $7,704.09 and its two-hundred day moving average price is $6,897.66. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The stock has a market capitalization of $24.54 billion, a P/E ratio of 16.56, a PEG ratio of 2.79 and a beta of 1.13.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $121.50 by $0.06. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.61 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. The business’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $133.44 EPS. On average, analysts anticipate that NVR, Inc. will post 497.8 earnings per share for the current fiscal year.

NVR declared that its board has initiated a stock repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

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

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.