Montag A & Associates Inc. Sells 7 Shares of NVR, Inc. (NYSE:NVR)

Montag A & Associates Inc. cut its stake in shares of NVR, Inc. (NYSE:NVR) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 505 shares of the construction company’s stock after selling 7 shares during the quarter. Montag A & Associates Inc.’s holdings in NVR were worth $3,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. US Asset Management LLC acquired a new stake in NVR during the 4th quarter worth approximately $420,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in NVR by 3.7% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,113 shares of the construction company’s stock worth $14,792,000 after buying an additional 76 shares during the period. Apollon Wealth Management LLC boosted its position in NVR by 41.6% during the 4th quarter. Apollon Wealth Management LLC now owns 143 shares of the construction company’s stock worth $1,001,000 after buying an additional 42 shares during the period. Machina Capital S.A.S. boosted its position in NVR by 165.1% during the 4th quarter. Machina Capital S.A.S. now owns 114 shares of the construction company’s stock worth $798,000 after buying an additional 71 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new stake in NVR during the 4th quarter worth approximately $1,407,000. 83.67% of the stock is owned by institutional investors.

Insider Transactions at NVR

In related news, Director Susan Williamson Ross sold 250 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the completion of the sale, the director now directly owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other NVR news, Director Susan Williamson Ross sold 250 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the sale, the director now owns 405 shares in the company, valued at approximately $2,974,700.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Grady Rosier sold 600 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the transaction, the director now owns 1,701 shares in the company, valued at approximately $13,039,236.63. The disclosure for this sale can be found here. Insiders have sold 6,102 shares of company stock valued at $45,905,870 in the last 90 days. 7.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

NVR Trading Up 1.3 %

Shares of NYSE NVR traded up $95.91 during midday trading on Thursday, reaching $7,670.91. The stock had a trading volume of 16,588 shares, compared to its average volume of 18,960. The firm has a market cap of $24.30 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 3.20 and a beta of 1.13. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52. The company’s 50 day moving average price is $7,750.96 and its 200 day moving average price is $7,084.05.

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, beating analysts’ consensus estimates of $103.97 by $12.44. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. NVR’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $99.89 EPS. As a group, sell-side analysts expect that NVR, Inc. will post 487.53 EPS for the current year.

NVR declared that its board has authorized a share buyback plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership 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.