Lodestone Wealth Management LLC Sells 6 Shares of NVR, Inc. (NYSE:NVR)

Lodestone Wealth Management LLC lowered its position in shares of NVR, Inc. (NYSE:NVR) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 309 shares of the construction company’s stock after selling 6 shares during the quarter. NVR comprises 1.3% of Lodestone Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. Lodestone Wealth Management LLC’s holdings in NVR were worth $2,527,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NVR. Blue Trust Inc. acquired a new position in shares of NVR during the 3rd quarter valued at $39,000. Rakuten Securities Inc. acquired a new position in shares of NVR during the 3rd quarter valued at $39,000. Private Trust Co. NA lifted its position in shares of NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of NVR during the 3rd quarter valued at $49,000. Finally, Quantbot Technologies LP acquired a new position in shares of NVR during the 3rd quarter valued at $59,000. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 7.00% of the stock is currently owned by corporate insiders.

NVR Stock Performance

Shares of NVR stock opened at $7,359.53 on Friday. The firm has a 50-day moving average of $8,122.07 and a 200-day moving average of $8,815.90. The company has a market cap of $22.52 billion, a P/E ratio of 14.50, a P/E/G ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR, Inc. has a one year low of $7,227.09 and a one year high of $9,964.77.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. Equities research analysts forecast that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its board has initiated a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NVR shares. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. dropped their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. UBS Group raised their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Bank of America dropped their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9,356.67.

NVR Company 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.