NVR, Inc. (NYSE:NVR) Shares Sold by CCM Investment Advisers LLC

CCM Investment Advisers LLC lessened its holdings in NVR, Inc. (NYSE:NVR) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26 shares of the construction company’s stock after selling 4 shares during the quarter. CCM Investment Advisers LLC’s holdings in NVR were worth $213,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its position in shares of NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after buying an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new position in NVR during the 3rd quarter valued at about $39,000. Rakuten Securities Inc. bought a new position in NVR in the 3rd quarter worth approximately $39,000. Redwood Wealth Management Group LLC acquired a new position in NVR during the 2nd quarter worth $46,000. Finally, Private Trust Co. NA increased its holdings in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the period. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the transaction, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. This represents a 65.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock worth $7,294,073 over the last quarter. Corporate insiders own 7.00% of the company’s stock.

NVR Trading Down 2.1 %

Shares of NYSE:NVR traded down $166.85 during midday trading on Friday, reaching $7,839.10. The company had a trading volume of 7,292 shares, compared to its average volume of 25,987. The company has a fifty day simple moving average of $8,740.22 and a two-hundred day simple moving average of $8,819.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The firm has a market cap of $24.02 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. NVR, Inc. has a 1-year low of $6,800.00 and a 1-year high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the firm earned $125.26 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Research analysts predict that NVR, Inc. will post 494.48 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. JPMorgan Chase & Co. lowered their price target on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. UBS Group decreased their target price on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a research note on Wednesday. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Bank of America reduced their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9,531.67.

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.