NVR, Inc. (NYSE:NVR) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its stake in NVR, Inc. (NYSE:NVR) by 36.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 574 shares of the construction company’s stock after selling 334 shares during the period. Stifel Financial Corp’s holdings in NVR were worth $5,632,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quarry LP acquired a new stake in NVR during the 3rd quarter worth $510,000. Royal London Asset Management Ltd. raised its holdings in shares of NVR by 1.6% in the third quarter. Royal London Asset Management Ltd. now owns 2,199 shares of the construction company’s stock valued at $21,576,000 after buying an additional 35 shares during the last quarter. Miller Investment Management LP boosted its stake in shares of NVR by 5.7% during the third quarter. Miller Investment Management LP now owns 1,621 shares of the construction company’s stock worth $15,905,000 after buying an additional 87 shares during the period. Investment Management Corp of Ontario grew its holdings in shares of NVR by 10.6% during the third quarter. Investment Management Corp of Ontario now owns 835 shares of the construction company’s stock worth $8,193,000 after buying an additional 80 shares during the last quarter. Finally, Centiva Capital LP increased its position in NVR by 15.5% in the 3rd quarter. Centiva Capital LP now owns 112 shares of the construction company’s stock valued at $1,099,000 after acquiring an additional 15 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Price Performance

NVR stock opened at $8,587.63 on Friday. The stock has a market capitalization of $26.28 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.18. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 52-week low of $6,768.02 and a 52-week high of $9,964.77. The stock’s fifty day simple moving average is $9,250.20 and its 200-day simple moving average is $8,748.37.

NVR (NYSE:NVR) last issued its quarterly earnings results 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 company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company posted $125.26 EPS. Equities research analysts expect that NVR, Inc. will post 494.48 EPS for the current year.

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

Insider Transactions at NVR

In related news, 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 sale, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The stock was 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 in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 over the last 90 days. Corporate insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NVR. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut 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 report on Friday. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Bank of America cut their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, UBS Group lifted their price target on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9,765.00.

NVR 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.