Burney Co. Sells 2 Shares of NVR, Inc. (NYSE:NVR)

Burney Co. trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 3.6% during the 4th quarter, Holdings Channel reports. The fund owned 53 shares of the construction company’s stock after selling 2 shares during the period. Burney Co.’s holdings in NVR were worth $433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its stake in NVR by 100.0% during the third 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 in the last quarter. Blue Trust Inc. purchased a new stake in shares of NVR during the 3rd quarter valued at about $39,000. Rakuten Securities Inc. bought a new position in shares of NVR in the 3rd quarter valued at about $39,000. Private Trust Co. NA grew its position in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in NVR during the third quarter worth approximately $49,000. 83.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director David A. Preiser sold 250 shares of the 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 owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction dated 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 owns 208 shares of the company’s stock, valued at $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 775 shares of company stock valued at $7,294,073. Corporate insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NVR shares. UBS Group lowered their price objective on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on 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. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America dropped their price target on shares of 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9,531.67.

NVR Stock Performance

NVR stock opened at $8,381.72 on Friday. NVR, Inc. has a twelve month low of $6,800.00 and a twelve month high of $9,964.77. The firm has a market cap of $25.65 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.57 and a beta of 1.20. The business’s fifty day simple moving average is $8,605.45 and its two-hundred day simple moving average is $8,841.52. 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 (NYSE:NVR) last posted 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 during the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $125.26 EPS. Analysts predict that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.