Conway Capital Management Inc. Has $458,000 Stake in NVR, Inc. (NYSE:NVR)

Conway Capital Management Inc. reduced its holdings in shares of NVR, Inc. (NYSE:NVR) by 8.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56 shares of the construction company’s stock after selling 5 shares during the quarter. Conway Capital Management Inc.’s holdings in NVR were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NVR. Massmutual Trust Co. FSB ADV lifted its holdings in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of NVR during the 3rd quarter worth about $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR during the 3rd quarter worth about $39,000. Private Trust Co. NA grew its stake in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after buying an additional 2 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in NVR in the 3rd quarter valued at about $49,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVR has been the subject of a number of research analyst reports. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America lowered their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Finally, UBS Group lowered their price target on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, NVR currently has an average rating of “Hold” and an average target price of $9,531.67.

NVR Price Performance

Shares of NYSE NVR opened at $8,338.09 on Friday. The stock has a market capitalization of $25.51 billion, a PE ratio of 17.05, a P/E/G ratio of 1.67 and a beta of 1.20. NVR, Inc. has a fifty-two week low of $6,800.00 and a fifty-two week high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The business has a fifty day moving average price of $8,541.36 and a two-hundred day moving average price of $8,867.02.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the company earned $125.26 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts predict that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

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

Insider Activity

In other NVR news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. 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.