Greenleaf Trust Purchases 2 Shares of NVR, Inc. (NYSE:NVR)

Greenleaf Trust lifted its position in shares of NVR, Inc. (NYSE:NVR) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43 shares of the construction company’s stock after purchasing an additional 2 shares during the period. Greenleaf Trust’s holdings in NVR were worth $301,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its position in shares of NVR by 5.0% during the third quarter. Global Retirement Partners LLC now owns 42 shares of the construction company’s stock valued at $249,000 after purchasing an additional 2 shares in the last quarter. AE Wealth Management LLC increased its holdings in NVR by 5.7% during the third quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock worth $221,000 after buying an additional 2 shares during the last quarter. Castleview Partners LLC increased its holdings in NVR by 4.3% during the third quarter. Castleview Partners LLC now owns 72 shares of the construction company’s stock worth $429,000 after buying an additional 3 shares during the last quarter. Brighton Jones LLC increased its holdings in NVR by 8.1% during the third quarter. Brighton Jones LLC now owns 40 shares of the construction company’s stock worth $239,000 after buying an additional 3 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its holdings in NVR by 14.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 24 shares of the construction company’s stock worth $143,000 after buying an additional 3 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,684,750. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of NVR stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at $95,802,631.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,684,750. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,981 shares of company stock valued at $59,155,947. Corporate insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.

NVR Stock Performance

NYSE NVR opened at $7,835.11 on Wednesday. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The company has a 50-day simple moving average of $7,727.23 and a 200 day simple moving average of $6,955.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. The company has a market capitalization of $25.07 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 2.84 and a beta of 1.13.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, beating the consensus estimate of $121.50 by $0.06. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.61 billion. NVR had a net margin of 17.09% and a return on equity of 38.50%. NVR’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $133.44 earnings per share. On average, research analysts predict that NVR, Inc. will post 499.45 EPS for the current year.

NVR announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 14th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is 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.