Fort Washington Investment Advisors Inc. OH Sells 6 Shares of NVR, Inc. (NYSE:NVR)

Fort Washington Investment Advisors Inc. OH trimmed its holdings in NVR, Inc. (NYSE:NVR) by 12.8% in the 4th quarter, Holdings Channel reports. The fund owned 41 shares of the construction company’s stock after selling 6 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in NVR were worth $335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its stake in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares in the last quarter. Blue Trust Inc. bought a new stake in NVR during the 3rd quarter valued at about $39,000. Rakuten Securities Inc. bought a new stake in NVR during the 3rd quarter valued at about $39,000. Private Trust Co. NA increased its stake in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in NVR during the 3rd quarter valued at about $49,000. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

NVR Stock Performance

NVR opened at $8,338.09 on Friday. NVR, Inc. has a 52-week low of $6,800.00 and a 52-week high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The company has a market cap of $25.51 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. The firm’s 50-day moving average price is $8,541.36 and its 200-day moving average price is $8,867.02.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the business posted $125.26 EPS. NVR’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NVR shares. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. UBS Group reduced their price objective on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, Bank of America cut their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, NVR currently has an average rating of “Hold” and an average price target of $9,531.67.

NVR Company 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.