Montag A & Associates Inc. Cuts Position in NVR, Inc. (NYSE:NVR)

Montag A & Associates Inc. decreased its stake in NVR, Inc. (NYSE:NVR) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 505 shares of the construction company’s stock after selling 7 shares during the quarter. Montag A & Associates Inc.’s holdings in NVR were worth $3,535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of NVR by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock worth $2,137,259,000 after purchasing an additional 7,516 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of NVR by 626,255.3% in the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock worth $1,666,212,000 after purchasing an additional 237,977 shares during the period. Invesco Ltd. boosted its holdings in shares of NVR by 11.2% in the 3rd quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock worth $264,287,000 after purchasing an additional 4,468 shares during the period. Smead Capital Management Inc. boosted its holdings in shares of NVR by 0.7% in the 4th quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock worth $276,385,000 after purchasing an additional 277 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of NVR by 11.4% in the 3rd quarter. Northern Trust Corp now owns 38,518 shares of the construction company’s stock worth $229,694,000 after purchasing an additional 3,943 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Transactions at NVR

In other news, Director William Grady Rosier sold 600 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the completion of the transaction, the director now directly owns 1,701 shares of the company’s stock, valued at approximately $13,039,236.63. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Chairman Paul C. Saville sold 1,500 shares of the business’s stock in a transaction 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 transaction, the chairman now directly owns 106,860 shares in the company, valued at approximately $802,523,943. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William Grady Rosier sold 600 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the transaction, the director now owns 1,701 shares in the company, valued at $13,039,236.63. The disclosure for this sale can be found here. In the last three months, insiders sold 6,102 shares of company stock valued at $45,905,870. Corporate insiders own 7.00% of the company’s stock.

NVR Trading Up 1.3 %

Shares of NVR stock traded up $95.91 on Thursday, reaching $7,670.91. 16,588 shares of the company’s stock were exchanged, compared to its average volume of 18,960. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $8,211.40. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $24.30 billion, a PE ratio of 15.99, a P/E/G ratio of 3.20 and a beta of 1.13. The company’s fifty day simple moving average is $7,750.96 and its 200 day simple moving average is $7,084.05.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping the consensus estimate of $103.97 by $12.44. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $99.89 EPS. As a group, analysts forecast that NVR, Inc. will post 487.53 EPS for the current year.

NVR declared that its Board of Directors has authorized a stock buyback 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 purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

NVR has been the subject of a number of recent research reports. UBS Group lifted 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. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th.

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.