First Hawaiian Bank Trims Stock Position in NVR, Inc. (NYSE:NVR)

First Hawaiian Bank cut its holdings in NVR, Inc. (NYSE:NVR) by 10.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 187 shares of the construction company’s stock after selling 22 shares during the period. First Hawaiian Bank’s holdings in NVR were worth $1,419,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in NVR in the 4th quarter valued at about $246,031,000. Acadian Asset Management LLC raised its stake in shares of NVR by 321.1% in the 1st quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company’s stock valued at $116,389,000 after acquiring an additional 10,958 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of NVR by 98.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock worth $141,498,000 after acquiring an additional 8,684 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of NVR by 108.3% during the 1st quarter. Russell Investments Group Ltd. now owns 12,147 shares of the construction company’s stock worth $98,215,000 after purchasing an additional 6,315 shares during the period. Finally, Artisan Partners Limited Partnership increased its holdings in NVR by 27.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 13,343 shares of the construction company’s stock valued at $93,407,000 after purchasing an additional 2,884 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Up 2.4 %

Shares of NVR stock traded up $195.14 during trading hours on Tuesday, reaching $8,470.98. 5,914 shares of the stock were exchanged, compared to its average volume of 19,413. NVR, Inc. has a 12-month low of $5,210.49 and a 12-month high of $8,700.00. The business’s fifty day moving average is $7,868.82 and its two-hundred day moving average is $7,691.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.84 and a quick ratio of 3.32. The firm has a market capitalization of $26.51 billion, a P/E ratio of 17.26, a P/E/G ratio of 2.25 and a beta of 1.17.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $121.65 by ($0.96). The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%. As a group, research analysts expect that NVR, Inc. will post 499.77 EPS for the current fiscal year.

NVR announced that its board has approved a stock buyback plan on Tuesday, May 7th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

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

Insider Transactions at NVR

In related news, Director William Grady Rosier sold 600 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the transaction, the director now directly owns 1,701 shares of the company’s stock, valued at approximately $13,039,236.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Alfred E. Festa sold 148 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $8,585.95, for a total value of $1,270,720.60. Following the completion of the sale, the director now owns 173 shares in the company, valued at approximately $1,485,369.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William Grady Rosier sold 600 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the sale, the director now owns 1,701 shares of the company’s stock, valued at approximately $13,039,236.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,348 shares of company stock valued at $10,748,213. 7.00% of the stock is currently owned by corporate insiders.

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.