Motley Fool Asset Management LLC Sells 9 Shares of NVR, Inc. (NYSE:NVR)

Motley Fool Asset Management LLC trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 15.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50 shares of the construction company’s stock after selling 9 shares during the quarter. Motley Fool Asset Management LLC’s holdings in NVR were worth $405,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Jane Street Group LLC boosted its stake in shares of NVR by 1,285.4% in the 1st quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock valued at $4,601,000 after purchasing an additional 527 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in NVR by 98.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock worth $141,498,000 after acquiring an additional 8,684 shares in the last quarter. Janus Henderson Group PLC boosted its stake in NVR by 7.7% during the first quarter. Janus Henderson Group PLC now owns 406 shares of the construction company’s stock worth $3,283,000 after acquiring an additional 29 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in NVR by 22.7% during the first quarter. Epoch Investment Partners Inc. now owns 14,540 shares of the construction company’s stock worth $117,773,000 after acquiring an additional 2,689 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in NVR by 1.0% during the first quarter. 1832 Asset Management L.P. now owns 2,405 shares of the construction company’s stock worth $19,480,000 after acquiring an additional 23 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Activity at NVR

In other news, Director William Grady Rosier sold 600 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the sale, the director now owns 1,701 shares in the company, valued at approximately $13,039,236.63. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,771,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William Grady Rosier sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the completion of the transaction, the director now owns 1,701 shares of the company’s stock, valued at $13,039,236.63. The disclosure for this sale can be found here. Insiders have sold a total of 1,548 shares of company stock worth $12,288,213 over the last quarter. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NVR shares. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group increased their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th.

NVR Price Performance

NVR traded down $54.50 on Wednesday, reaching $8,607.48. The company had a trading volume of 19,101 shares, compared to its average volume of 19,480. The business has a 50 day simple moving average of $7,805.70 and a 200 day simple moving average of $7,660.15. The company has a market cap of $26.94 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 2.26 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $8,700.00.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing the consensus estimate of $121.65 by ($0.96). NVR had a return on equity of 38.51% and a net margin of 16.83%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.48 billion. As a group, sell-side analysts anticipate that NVR, Inc. will post 499.77 EPS for the current year.

NVR announced that its board has authorized a stock buyback plan on Tuesday, May 7th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is 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.