Atwater Malick LLC Reduces Stock Holdings in NVR, Inc. (NYSE:NVR)

Atwater Malick LLC lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34 shares of the construction company’s stock after selling 3 shares during the period. Atwater Malick LLC’s holdings in NVR were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVR. Wedge Capital Management L L P NC raised its stake in shares of NVR by 17.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 460 shares of the construction company’s stock valued at $3,762,000 after buying an additional 68 shares during the last quarter. Avanza Fonder AB purchased a new position in NVR during the fourth quarter valued at approximately $2,715,000. Gateway Investment Advisers LLC lifted its holdings in NVR by 3.7% in the fourth quarter. Gateway Investment Advisers LLC now owns 2,256 shares of the construction company’s stock valued at $18,452,000 after acquiring an additional 81 shares during the period. Lakewood Asset Management LLC boosted its position in NVR by 0.5% in the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock worth $3,206,000 after purchasing an additional 2 shares in the last quarter. Finally, Peak Financial Advisors LLC acquired a new stake in shares of NVR during the 4th quarter worth approximately $1,235,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the 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 value of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is owned by insiders.

NVR Stock Up 0.3 %

NVR stock opened at $8,381.72 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 firm has a 50-day simple moving average of $8,605.45 and a 200-day simple moving average of $8,841.52. The stock has a market capitalization of $25.65 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.57 and a beta of 1.20.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. NVR’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $125.26 earnings per share. Equities analysts forecast that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

NVR declared that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price 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. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America dropped their target price on 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. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, UBS Group dropped their price objective on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Four equities 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, NVR currently has an average rating of “Hold” and a consensus 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.