NVR, Inc. (NYSE:NVR) Shares Acquired by Ballew Advisors Inc

Ballew Advisors Inc boosted its position in NVR, Inc. (NYSE:NVR) by 3.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 112 shares of the construction company’s stock after acquiring an additional 4 shares during the quarter. Ballew Advisors Inc’s holdings in NVR were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. lifted its holdings in shares of NVR by 0.8% in the 2nd quarter. Cantor Fitzgerald L. P. now owns 258 shares of the construction company’s stock valued at $1,638,000 after buying an additional 2 shares during the period. Lakewood Asset Management LLC lifted its holdings in NVR by 0.5% in the third quarter. Lakewood Asset Management LLC now owns 428 shares of the construction company’s stock valued at $2,552,000 after acquiring an additional 2 shares during the period. Ritholtz Wealth Management boosted its position in shares of NVR by 1.2% during the 3rd quarter. Ritholtz Wealth Management now owns 173 shares of the construction company’s stock worth $1,032,000 after purchasing an additional 2 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of NVR by 5.0% during the 3rd quarter. Global Retirement Partners LLC now owns 42 shares of the construction company’s stock worth $249,000 after purchasing an additional 2 shares during the period. Finally, AE Wealth Management LLC grew its stake in shares of NVR by 5.7% during the 3rd quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock worth $221,000 after purchasing an additional 2 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Paul C. Saville sold 250 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the sale, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,684,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $813,314,665.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,981 shares of company stock valued at $59,155,947. Corporate insiders own 7.00% of the company’s stock.

NVR Price Performance

Shares of NVR stock traded up $119.22 during mid-day trading on Thursday, reaching $8,099.96. The stock had a trading volume of 17,603 shares, compared to its average volume of 19,109. NVR, Inc. has a 12-month low of $5,210.49 and a 12-month high of $8,158.99. The company has a current ratio of 6.10, a quick ratio of 3.90 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $7,512.38 and a 200 day simple moving average of $6,719.27. The company has a market cap of $25.92 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 3.68 and a beta of 1.13.

NVR (NYSE:NVR) last announced 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. NVR had a net margin of 17.09% and a return on equity of 38.50%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the firm earned $133.44 earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, sell-side analysts anticipate that NVR, Inc. will post 484.48 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft raised NVR from a “sell” rating to a “hold” rating and boosted their price target for the stock from $4,900.00 to $6,300.00 in a research note on Friday, December 8th.

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.