Pitcairn Co. Cuts Stake in NVR, Inc. (NYSE:NVR)

Pitcairn Co. lessened its position in shares of NVR, Inc. (NYSE:NVR) by 22.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60 shares of the construction company’s stock after selling 17 shares during the period. Pitcairn Co.’s holdings in NVR were worth $486,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenleaf Trust grew its position in NVR by 4.9% in the 4th quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock worth $301,000 after purchasing an additional 2 shares during the last quarter. PYA Waltman Capital LLC increased its position in NVR by 0.5% in the 4th quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock valued at $2,968,000 after acquiring an additional 2 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in NVR by 0.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 305 shares of the construction company’s stock valued at $2,135,000 after acquiring an additional 2 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in NVR by 0.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 214 shares of the construction company’s stock worth $1,498,000 after acquiring an additional 2 shares during the period. Finally, Gulf International Bank UK Ltd grew its stake in shares of NVR by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 267 shares of the construction company’s stock worth $2,162,000 after purchasing an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NVR shares. UBS Group lifted their price objective on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,771,000. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other NVR news, Director David A. Preiser sold 500 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the completion of the transaction, the director now directly owns 239 shares of the company’s stock, valued at $1,813,104.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,771,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,600 shares of company stock worth $12,233,609. 7.00% of the stock is currently owned by insiders.

NVR Trading Up 0.8 %

Shares of NVR stock opened at $8,471.88 on Friday. The company has a quick ratio of 3.97, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The firm has a market cap of $26.52 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 2.54 and a beta of 1.17. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,695.00. The business has a fifty day simple moving average of $7,724.94 and a 200-day simple moving average of $7,615.63.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.48 billion. NVR had a net margin of 16.83% and a return on equity of 38.51%. On average, equities analysts forecast that NVR, Inc. will post 494.69 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share buyback plan on Tuesday, May 7th 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.