International Assets Investment Management LLC Sells 363,001 Shares of NVR, Inc. (NYSE:NVR)

International Assets Investment Management LLC trimmed its stake in NVR, Inc. (NYSE:NVR) by 100.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36 shares of the construction company’s stock after selling 363,001 shares during the period. International Assets Investment Management LLC’s holdings in NVR were worth $288,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NVR. Jennison Associates LLC bought a new stake in shares of NVR during the third quarter worth $348,545,000. Mizuho Securities USA LLC grew its holdings in shares of 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. Epoch Investment Partners Inc. grew its holdings in shares of NVR by 56.0% during the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock worth $172,109,000 after purchasing an additional 8,140 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of NVR by 254.1% during the third 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 during the last quarter. Finally, KBC Group NV grew its holdings 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 purchasing an additional 4,216 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NVR has been the topic of several research analyst reports. UBS Group decreased their target price 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. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America cut their price target 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. Finally, JPMorgan Chase & Co. cut their price target on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Four investment 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 currently has a consensus rating of “Hold” and an average target price of $9,531.67.

NVR Trading Down 2.2 %

NYSE:NVR opened at $7,830.05 on Monday. 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 moving average price is $8,714.04 and its two-hundred day moving average price is $8,836.92. 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 $23.99 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.84 and a beta of 1.20.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the company posted $125.26 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts expect that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR announced that its board has approved a share buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $2,186,679. This represents a 35.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now directly owns 239 shares in the company, 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. Over the last quarter, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by company insiders.

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.