RWA Wealth Partners LLC Buys Shares of 40 NVR, Inc. (NYSE:NVR)

RWA Wealth Partners LLC purchased a new position in shares of NVR, Inc. (NYSE:NVR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 40 shares of the construction company’s stock, valued at approximately $280,000.

A number of other hedge funds have also modified their holdings of NVR. AE Wealth Management LLC grew its holdings in shares of NVR by 5.7% during the 3rd quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock worth $221,000 after purchasing an additional 2 shares during the period. HB Wealth Management LLC purchased a new position in shares of NVR during the 3rd quarter worth $215,000. Exchange Traded Concepts LLC grew its holdings in shares of NVR by 136.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 90 shares of the construction company’s stock worth $537,000 after purchasing an additional 52 shares during the period. Czech National Bank grew its holdings in shares of NVR by 55.8% during the 3rd quarter. Czech National Bank now owns 561 shares of the construction company’s stock worth $3,345,000 after purchasing an additional 201 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of NVR by 231.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,837 shares of the construction company’s stock worth $10,955,000 after purchasing an additional 1,283 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Performance

Shares of NVR stock opened at $7,725.00 on Friday. The business has a 50-day moving average of $7,736.86 and a 200 day moving average of $6,966.46. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40. The stock has a market capitalization of $24.72 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.90.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, beating analysts’ consensus estimates of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the business posted $99.89 EPS. NVR’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that NVR, Inc. will post 502.66 earnings per share for the current year.

NVR announced that its board has initiated a share repurchase plan on Wednesday, February 14th 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group raised their target price on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday.

Insider Activity at NVR

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the sale, the chief financial officer now owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the sale, the chief financial officer now owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,751,450. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock worth $59,155,947 in the last three months. 7.00% of the stock is owned by company insiders.

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.