Stevens Capital Management LP Sells 39 Shares of NVR, Inc. (NYSE:NVR)

Stevens Capital Management LP reduced its holdings in shares of NVR, Inc. (NYSE:NVR) by 39.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 61 shares of the construction company’s stock after selling 39 shares during the period. Stevens Capital Management LP’s holdings in NVR were worth $427,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Pacific Financial bought a new stake in NVR during the 3rd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NVR in the 4th quarter worth $35,000. Criterion Capital Advisors LLC bought a new position in shares of NVR in the 4th quarter worth $42,000. Allworth Financial LP raised its position in shares of NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after acquiring an additional 4 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of NVR in the 3rd quarter worth $78,000. 83.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group boosted their price target on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research note on Wednesday.

NVR Stock Performance

Shares of NVR traded down $77.96 during midday trading on Friday, reaching $7,647.04. 24,579 shares of the stock were exchanged, compared to its average volume of 19,100. The business’s 50-day moving average price is $7,736.86 and its 200 day moving average price is $6,966.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.90. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $8,211.40. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 2.82 and a beta of 1.13.

NVR (NYSE:NVR) last released its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm posted $99.89 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that NVR, Inc. will post 502.66 EPS for the current fiscal year.

NVR announced that its board has authorized a share buyback plan on Wednesday, February 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Insider Transactions at NVR

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the transaction, the chief financial officer now owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Daniel David Malzahn sold 2,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction on 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 completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,684,750. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock valued at $59,155,947 in the last quarter. 7.00% of the stock is currently owned by corporate insiders.

NVR 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.