Brighton Jones LLC Purchases 31 Shares of NVR, Inc. (NYSE:NVR)

Brighton Jones LLC raised its position in NVR, Inc. (NYSE:NVR) by 68.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 76 shares of the construction company’s stock after acquiring an additional 31 shares during the period. Brighton Jones LLC’s holdings in NVR were worth $622,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NVR. Massmutual Trust Co. FSB ADV boosted its holdings in NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after purchasing an additional 2 shares during the last quarter. Blue Trust Inc. bought a new stake in NVR during the 3rd quarter worth about $39,000. Rakuten Securities Inc. acquired a new position in shares of NVR during the 3rd quarter worth about $39,000. Private Trust Co. NA grew its holdings in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR in the third quarter valued at about $49,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 1.5 %

NVR stock opened at $8,220.68 on Friday. NVR, Inc. has a 1-year low of $6,800.00 and a 1-year high of $9,964.77. The business’s 50 day simple moving average is $8,525.11 and its 200 day simple moving average is $8,882.05. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $25.19 billion, a PE ratio of 16.81, a PEG ratio of 1.67 and a beta of 1.20.

NVR declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

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