Los Angeles Capital Management LLC Trims Stock Position in NVR, Inc. (NYSE:NVR)

Los Angeles Capital Management LLC decreased its holdings in NVR, Inc. (NYSE:NVR) by 76.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 981 shares of the construction company’s stock after selling 3,230 shares during the quarter. Los Angeles Capital Management LLC’s holdings in NVR were worth $6,867,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NVR. Victory Capital Management Inc. lifted its holdings in NVR by 30.1% in the 4th quarter. Victory Capital Management Inc. now owns 4,266 shares of the construction company’s stock worth $29,864,000 after purchasing an additional 988 shares in the last quarter. PYA Waltman Capital LLC lifted its stake in NVR by 0.5% in the 4th quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock worth $2,968,000 after purchasing an additional 2 shares in the last quarter. MONECO Advisors LLC purchased a new stake in shares of NVR in the fourth quarter worth about $210,000. Penobscot Investment Management Company Inc. bought a new stake in NVR in the fourth quarter worth $210,000. Finally, Choreo LLC bought a new stake in shares of NVR in the 4th quarter worth about $280,000. 83.67% of the stock is currently owned by institutional investors.

Insider Transactions at NVR

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $95,802,631.47. 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 1,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $7,510.05, for a total transaction of $11,265,075.00. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $802,523,943. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Insiders have sold 8,481 shares of company stock worth $62,949,052 over the last 90 days. 7.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. UBS Group upped their target price on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th.

NVR Stock Up 1.4 %

Shares of NVR stock opened at $7,586.55 on Friday. 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 6.52 and a quick ratio of 3.97. The company has a market cap of $24.05 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 3.20 and a beta of 1.13. The stock’s fifty day moving average price is $7,745.49 and its 200 day moving average price is $7,036.97.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping 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 quarter in the previous year, the firm posted $99.89 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, research analysts expect that NVR, Inc. will post 487.53 earnings per share for the current fiscal year.

NVR declared that its board has authorized a share repurchase program on Wednesday, February 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management 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.