Northern Financial Advisors Inc Sells 239 Shares of NVR, Inc. (NYSE:NVR)

Northern Financial Advisors Inc trimmed its holdings in NVR, Inc. (NYSE:NVR) by 29.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 564 shares of the construction company’s stock after selling 239 shares during the period. NVR makes up 3.3% of Northern Financial Advisors Inc’s holdings, making the stock its 4th largest holding. Northern Financial Advisors Inc’s holdings in NVR were worth $3,948,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Greenleaf Trust increased its stake in NVR by 4.9% during the 4th quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock worth $301,000 after acquiring an additional 2 shares during the period. PYA Waltman Capital LLC grew its holdings in shares of NVR by 0.5% during 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. Castleview Partners LLC increased its position in shares of NVR by 4.3% in the third quarter. Castleview Partners LLC now owns 72 shares of the construction company’s stock worth $429,000 after purchasing an additional 3 shares during the period. Brighton Jones LLC increased its position in shares of NVR by 8.1% in the third quarter. Brighton Jones LLC now owns 40 shares of the construction company’s stock worth $239,000 after purchasing an additional 3 shares during the period. Finally, Deseret Mutual Benefit Administrators raised its stake in NVR by 14.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 24 shares of the construction company’s stock valued at $143,000 after purchasing an additional 3 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director David A. Preiser sold 500 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the completion of the sale, the director now directly owns 239 shares in the company, valued at $1,813,104.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Susan Williamson Ross sold 250 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the sale, the director now directly owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David A. Preiser sold 500 shares of NVR stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The disclosure for this sale can be found here. Insiders have sold 5,781 shares of company stock valued at $43,282,357 in the last ninety days. 7.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

NVR Price Performance

NVR stock traded down $129.31 during trading on Wednesday, reaching $7,625.11. 4,906 shares of the company were exchanged, compared to its average volume of 18,833. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $8,211.40. The company has a market capitalization of $24.17 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 3.20 and a beta of 1.13. 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 50-day moving average of $7,750.82 and a two-hundred day moving average of $7,076.55.

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

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

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.