iA Global Asset Management Inc. Lowers Stock Holdings in NVR, Inc. (NYSE:NVR)

iA Global Asset Management Inc. reduced its position in shares of NVR, Inc. (NYSE:NVR) by 90.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34 shares of the construction company’s stock after selling 323 shares during the period. iA Global Asset Management Inc.’s holdings in NVR were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valued Wealth Advisors LLC boosted its holdings in NVR by 100.0% in the first quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock valued at $32,000 after purchasing an additional 2 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NVR in the fourth quarter valued at $35,000. Criterion Capital Advisors LLC purchased a new position in NVR in the fourth quarter valued at $42,000. Allworth Financial LP boosted its holdings in NVR by 100.0% in the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after purchasing an additional 4 shares during the period. Finally, USA Financial Formulas purchased a new position in NVR in the fourth quarter valued at $63,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Down 1.1 %

NVR stock traded down $98.07 during midday trading on Friday, reaching $8,456.44. The company’s stock had a trading volume of 6,692 shares, compared to its average volume of 19,419. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,700.00. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The company has a market cap of $26.47 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.27 and a beta of 1.17. The business has a 50-day simple moving average of $7,828.95 and a 200-day simple moving average of $7,666.36.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). NVR had a net margin of 16.83% and a return on equity of 38.51%. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.48 billion. On average, research analysts expect that NVR, Inc. will post 499.77 earnings per share for the current fiscal year.

NVR declared that its board has initiated a share buyback program on Tuesday, May 7th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at NVR

In other news, Director Alfred E. Festa sold 148 shares of NVR stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total transaction of $1,270,720.60. Following the sale, the director now owns 173 shares in the company, valued at $1,485,369.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total transaction of $1,063,238.75. Following the sale, the director now owns 391 shares in the company, valued at $3,325,810.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alfred E. Festa sold 148 shares of NVR stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total value of $1,270,720.60. Following the sale, the director now owns 173 shares in the company, valued at approximately $1,485,369.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,548 shares of company stock worth $12,288,213. Corporate insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NVR shares. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group raised 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, April 24th.

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.