Crestmont Private Wealth LLC Has $433,000 Stock Position in NVR, Inc. (NYSE:NVR)

Crestmont Private Wealth LLC grew its stake in shares of NVR, Inc. (NYSE:NVR) by 3.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 53 shares of the construction company’s stock after buying an additional 2 shares during the quarter. Crestmont Private Wealth LLC’s holdings in NVR were worth $433,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NVR. Blue Trust Inc. bought a new stake in shares of NVR during the third quarter worth about $39,000. JPMorgan Chase & Co. increased its position in shares of NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after acquiring an additional 2,206 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of NVR during the third quarter worth about $9,341,000. Brown Brothers Harriman & Co. increased its position in shares of NVR by 11.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock worth $24,667,000 after acquiring an additional 250 shares in the last quarter. Finally, KBC Group NV increased its position in shares of NVR by 299.9% during the third quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock worth $55,162,000 after acquiring an additional 4,216 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group decreased their target price on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America reduced their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective on shares of 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. 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, NVR has an average rating of “Hold” and an average target price of $9,531.67.

NVR Stock Up 1.9 %

NVR stock opened at $8,116.03 on Wednesday. NVR, Inc. has a twelve month low of $6,800.00 and a twelve month high of $9,964.77. The firm has a 50 day moving average price of $8,688.03 and a 200-day moving average price of $8,839.04. The company has a market capitalization of $24.87 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.84 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last released its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share 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 for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the company earned $125.26 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. As a group, equities analysts predict that NVR, Inc. will post 494.48 EPS for the current year.

NVR announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. This represents a 35.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 in the last three months. Company insiders own 7.00% of the company’s stock.

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.