Dock Street Asset Management Inc. Increases Stock Holdings in NVR, Inc. (NYSE:NVR)

Dock Street Asset Management Inc. lifted its position in NVR, Inc. (NYSE:NVR) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,185 shares of the construction company’s stock after buying an additional 2 shares during the quarter. NVR makes up approximately 2.4% of Dock Street Asset Management Inc.’s portfolio, making the stock its 17th biggest holding. Dock Street Asset Management Inc. owned approximately 0.07% of NVR worth $15,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC grew its position in NVR by 5.0% during the third quarter. Global Retirement Partners LLC now owns 42 shares of the construction company’s stock valued at $249,000 after acquiring an additional 2 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of NVR by 1.2% in the third quarter. Ritholtz Wealth Management now owns 173 shares of the construction company’s stock worth $1,032,000 after buying an additional 2 shares during the period. AE Wealth Management LLC increased its stake in shares of NVR by 5.7% in the third quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock worth $221,000 after buying an additional 2 shares during the period. Castleview Partners LLC increased its position in NVR by 4.3% during the 3rd quarter. Castleview Partners LLC now owns 72 shares of the construction company’s stock valued at $429,000 after purchasing an additional 3 shares during the period. Finally, Brighton Jones LLC increased its position in NVR by 8.1% during the 3rd quarter. Brighton Jones LLC now owns 40 shares of the construction company’s stock valued at $239,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th.

Insider Activity

In related news, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the transaction, the chief financial officer now owns 13,209 shares in the company, valued at approximately $95,802,631.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Chairman Paul C. Saville sold 250 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the sale, the chairman now directly owns 106,860 shares in the company, valued at $813,314,665.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the sale, the chief financial officer now owns 13,209 shares of the company’s stock, valued at $95,802,631.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,981 shares of company stock worth $59,155,947. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Up 2.0 %

Shares of NVR stock traded up $150.06 during mid-day trading on Thursday, reaching $7,820.00. 6,414 shares of the company’s stock traded hands, compared to its average volume of 18,709. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40. The company has a market cap of $25.02 billion, a P/E ratio of 16.56, a P/E/G ratio of 2.79 and a beta of 1.13. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $7,704.09 and its 200-day moving average price is $6,897.66.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, beating analysts’ consensus estimates of $121.50 by $0.06. NVR had a net margin of 17.09% and a return on equity of 38.50%. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the business posted $133.44 EPS. The company’s quarterly revenue was down 10.5% on a year-over-year basis. On average, equities analysts expect that NVR, Inc. will post 497.8 earnings per share for the current fiscal year.

NVR announced that its board has approved a share buyback plan on Wednesday, February 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are 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.