Pure Financial Advisors LLC Cuts Stock Holdings in NVR, Inc. (NYSE:NVR)

Pure Financial Advisors LLC reduced its stake in NVR, Inc. (NYSE:NVR) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314 shares of the construction company’s stock after selling 3 shares during the quarter. Pure Financial Advisors LLC’s holdings in NVR were worth $2,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of NVR. International Assets Investment Management LLC raised its position in shares of NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after buying an additional 363,004 shares in the last quarter. Jennison Associates LLC bought a new stake in NVR during the third quarter worth about $348,545,000. Mizuho Securities USA LLC lifted its stake in NVR by 6,454.8% during the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock worth $162,071,000 after purchasing an additional 16,266 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of NVR by 254.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock worth $87,001,000 after purchasing an additional 6,363 shares in the last quarter. Finally, KBC Group NV increased its position in shares of NVR by 299.9% during the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock valued at $55,162,000 after purchasing an additional 4,216 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the sale, 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. Over the last ninety days, insiders sold 775 shares of company stock worth $7,294,073. Company insiders own 7.00% of the company’s stock.

NVR Stock Up 0.3 %

Shares of NVR stock opened at $8,381.72 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR, Inc. has a 52-week low of $6,800.00 and a 52-week high of $9,964.77. The company’s 50 day moving average price is $8,588.10 and its 200-day moving average price is $8,867.68. The stock has a market capitalization of $25.65 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.67 and a beta of 1.20.

NVR (NYSE:NVR) last announced 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). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. NVR’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $125.26 EPS. Equities research analysts forecast that NVR, Inc. will post 494.48 EPS for the current year.

NVR announced that its board has authorized a stock buyback plan on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.