Lindbrook Capital LLC Increases Position in NVR, Inc. (NYSE:NVR)

Lindbrook Capital LLC lifted its holdings in NVR, Inc. (NYSE:NVR) by 17.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20 shares of the construction company’s stock after buying an additional 3 shares during the period. Lindbrook Capital LLC’s holdings in NVR were worth $140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVR. First Pacific Financial purchased a new position in NVR in the third quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NVR in the fourth quarter valued at approximately $35,000. Allworth Financial LP lifted its stake in NVR by 100.0% in the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after purchasing an additional 4 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in NVR in the third quarter valued at approximately $78,000. Finally, Planned Solutions Inc. purchased a new position in NVR in the fourth quarter valued at approximately $91,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

NVR Trading Up 0.4 %

NYSE:NVR opened at $7,835.11 on Wednesday. The company has a market cap of $25.07 billion, a P/E ratio of 16.91, a P/E/G ratio of 2.84 and a beta of 1.13. The stock’s fifty day moving average price is $7,727.23 and its two-hundred day moving average price is $6,955.26. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $121.50 by $0.06. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.61 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. The business’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $133.44 earnings per share. As a group, analysts expect that NVR, Inc. will post 499.45 EPS for the current year.

NVR declared that its board has authorized a stock repurchase program on Wednesday, February 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, Chairman Paul C. Saville sold 250 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Chairman Paul C. Saville sold 250 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the transaction, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Insiders have sold a total of 7,981 shares of company stock worth $59,155,947 over the last 90 days. Corporate insiders own 7.00% of the company’s stock.

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.