Greenleaf Trust Has $301,000 Position in NVR, Inc. (NYSE:NVR)

Greenleaf Trust raised its holdings in NVR, Inc. (NYSE:NVR) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43 shares of the construction company’s stock after buying an additional 2 shares during the period. Greenleaf Trust’s holdings in NVR were worth $301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AIA Group Ltd increased its stake in NVR by 15.6% in the 4th quarter. AIA Group Ltd now owns 311 shares of the construction company’s stock valued at $2,177,000 after buying an additional 42 shares during the last quarter. Smead Capital Management Inc. increased its stake in NVR by 0.7% in the 4th quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock valued at $276,385,000 after buying an additional 277 shares during the last quarter. Mraz Amerine & Associates Inc. increased its stake in shares of NVR by 1.5% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 462 shares of the construction company’s stock worth $3,234,000 after purchasing an additional 7 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of NVR during the 4th quarter worth about $35,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of NVR by 5.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 291 shares of the construction company’s stock worth $2,037,000 after purchasing an additional 15 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Up 0.4 %

NVR stock opened at $7,835.11 on Wednesday. The firm has a market capitalization of $25.07 billion, a PE ratio of 16.91, a P/E/G ratio of 2.84 and a beta of 1.13. The company’s 50-day moving average is $7,727.23 and its 200-day moving average is $6,955.26. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, beating analysts’ consensus estimates of $121.50 by $0.06. NVR had a net margin of 17.09% and a return on equity of 38.50%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the business earned $133.44 EPS. NVR’s quarterly revenue was down 10.5% on a year-over-year basis. Sell-side analysts anticipate that NVR, Inc. will post 499.45 earnings per share for the current year.

NVR announced that its board has initiated a share buyback plan on Wednesday, February 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,684,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,684,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 100 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,751,450. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,981 shares of company stock worth $59,155,947. 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.