NVR, Inc. (NYSE:NVR) Shares Sold by CCM Investment Advisers LLC

CCM Investment Advisers LLC lowered its holdings in shares of NVR, Inc. (NYSE:NVR) by 13.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26 shares of the construction company’s stock after selling 4 shares during the period. CCM Investment Advisers LLC’s holdings in NVR were worth $213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Choreo LLC purchased a new position in shares of NVR during the second quarter worth about $389,000. Royal London Asset Management Ltd. increased its holdings in shares of NVR by 0.9% in the second quarter. Royal London Asset Management Ltd. now owns 2,164 shares of the construction company’s stock valued at $16,422,000 after purchasing an additional 20 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of NVR by 2.3% during the second quarter. Daiwa Securities Group Inc. now owns 396 shares of the construction company’s stock worth $3,005,000 after purchasing an additional 9 shares during the period. Headlands Technologies LLC grew its position in NVR by 283.3% in the 2nd quarter. Headlands Technologies LLC now owns 69 shares of the construction company’s stock valued at $524,000 after buying an additional 51 shares during the last quarter. Finally, American Century Companies Inc. grew its position in NVR by 7.1% in the 2nd quarter. American Century Companies Inc. now owns 3,339 shares of the construction company’s stock valued at $25,338,000 after buying an additional 220 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NVR. UBS Group lowered 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. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. 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 report on Friday, December 13th. Bank of America cut their price objective on 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. 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 issued a buy rating to the company. According to data from MarketBeat, NVR presently has an average rating of “Hold” and an average target price of $9,531.67.

Insider Buying and Selling

In related news, Director David A. Preiser sold 250 shares of NVR 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 sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 775 shares of company stock valued at $7,294,073. Corporate insiders own 7.00% of the company’s stock.

NVR Trading Down 2.1 %

Shares of NVR stock traded down $166.85 during trading hours on Friday, hitting $7,839.10. The company’s stock had a trading volume of 7,292 shares, compared to its average volume of 25,987. 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 capitalization of $24.02 billion, a PE ratio of 16.03, a P/E/G ratio of 1.84 and a beta of 1.20. The business has a fifty day moving average of $8,740.22 and a 200 day moving average of $8,819.30. NVR, Inc. has a 1-year low of $6,800.00 and a 1-year high of $9,964.77.

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

NVR declared that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.