Proficio Capital Partners LLC Reduces Holdings in NVR, Inc. (NYSE:NVR)

Proficio Capital Partners LLC lowered its position in NVR, Inc. (NYSE:NVRFree Report) by 3.7% in the 1st quarter, Holdings Channel reports. The fund owned 52 shares of the construction company’s stock after selling 2 shares during the quarter. Proficio Capital Partners LLC’s holdings in NVR were worth $421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVR. Valued Wealth Advisors LLC raised its holdings in NVR by 100.0% in the first quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock worth $32,000 after purchasing an additional 2 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NVR in the 4th quarter worth about $35,000. Criterion Capital Advisors LLC purchased a new position in NVR during the 4th quarter valued at about $42,000. Allworth Financial LP boosted its stake in NVR by 100.0% during the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after acquiring an additional 4 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in NVR in the fourth quarter worth about $63,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Up 0.8 %

NVR stock traded up $59.22 during trading on Wednesday, hitting $7,543.30. 3,910 shares of the stock traded hands, compared to its average volume of 19,156. The stock has a market cap of $23.61 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 3.10 and a beta of 1.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.97. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The firm’s 50 day moving average is $7,561.81 and its two-hundred day moving average is $7,512.93.

NVR (NYSE:NVRGet Free Report) last issued its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $99.89 earnings per share. On average, sell-side analysts anticipate that NVR, Inc. will post 493.93 EPS for the current year.

NVR announced that its Board of Directors has initiated a stock buyback program on Tuesday, May 7th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at NVR

In other NVR news, Director David A. Preiser sold 500 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the sale, the director now directly owns 239 shares in the company, valued at approximately $1,813,104.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director David A. Preiser sold 500 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at $1,813,104.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,771,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,600 shares of company stock valued at $12,233,609. 7.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NVR. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group lifted their price objective on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th.

Read Our Latest Stock Report on NVR

NVR Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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