American International Group Inc. Has $7.01 Million Stake in NVR, Inc. (NYSE:NVR)

American International Group Inc. decreased its position in shares of NVR, Inc. (NYSE:NVR) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 865 shares of the construction company’s stock after selling 4 shares during the period. American International Group Inc.’s holdings in NVR were worth $7,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valued Wealth Advisors LLC lifted its position in NVR by 100.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock worth $32,000 after acquiring an additional 2 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NVR during the 4th quarter worth $35,000. Criterion Capital Advisors LLC acquired a new position in NVR during the 4th quarter worth $42,000. Allworth Financial LP lifted its position in NVR by 100.0% during the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after acquiring an additional 4 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in NVR during the 4th quarter worth $63,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Up 0.7 %

Shares of NVR opened at $8,459.98 on Friday. The company has a 50-day simple moving average of $7,724.94 and a 200-day simple moving average of $7,615.63. The firm has a market capitalization of $26.48 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.97 and a current ratio of 5.84. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $8,695.00.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). NVR had a net margin of 16.83% and a return on equity of 38.51%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.48 billion. On average, equities research analysts expect that NVR, Inc. will post 494.69 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 7th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently commented on NVR. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. UBS Group upped their price objective on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th.

Insider Buying and Selling

In related news, Chairman Paul C. Saville sold 300 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $819,661,081.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Paul C. Saville sold 300 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $819,661,081.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Preiser sold 500 shares of the stock in a transaction dated 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 completion of 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 sold 1,600 shares of company stock valued at $12,233,609 over the last quarter. Corporate insiders own 7.00% of the company’s stock.

About NVR

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.