Hartford Investment Management Co. Sells 4 Shares of NVR, Inc. (NYSE:NVR)

Hartford Investment Management Co. reduced its position in NVR, Inc. (NYSE:NVR) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 189 shares of the construction company’s stock after selling 4 shares during the quarter. Hartford Investment Management Co.’s holdings in NVR were worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of NVR. Blue Trust Inc. acquired a new position in shares of NVR in the 3rd quarter valued at $39,000. Rakuten Securities Inc. bought a new stake in NVR in the third quarter valued at about $39,000. Private Trust Co. NA raised its position in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in NVR in the third quarter worth about $49,000. Finally, Quantbot Technologies LP bought a new position in NVR during the third quarter worth about $59,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

NVR has been the topic of several analyst reports. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. 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 report on Wednesday, October 23rd. UBS Group boosted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, NVR has a consensus rating of “Hold” and an average price target of $9,356.67.

NVR Trading Up 0.5 %

NVR stock opened at $7,336.44 on Friday. The business has a fifty day moving average price of $8,153.80 and a 200 day moving average price of $8,824.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR, Inc. has a fifty-two week low of $7,227.09 and a fifty-two week high of $9,964.77. The stock has a market capitalization of $22.45 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. Analysts expect that NVR, Inc. will post 512.33 EPS for the current fiscal year.

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

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.