NVR, Inc. $NVR Shares Sold by Chilton Investment Co. Inc.

Chilton Investment Co. Inc. lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 33.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 656 shares of the construction company’s stock after selling 323 shares during the quarter. Chilton Investment Co. Inc.’s holdings in NVR were worth $5,271,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares during the period. Woodline Partners LP lifted its stake in shares of NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after acquiring an additional 56 shares during the period. Allworth Financial LP boosted its holdings in shares of NVR by 100.0% in the second quarter. Allworth Financial LP now owns 14 shares of the construction company’s stock valued at $104,000 after acquiring an additional 7 shares in the last quarter. National Pension Service boosted its holdings in shares of NVR by 0.5% in the second quarter. National Pension Service now owns 5,676 shares of the construction company’s stock valued at $41,921,000 after acquiring an additional 29 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of NVR by 5.3% during the second quarter. KBC Group NV now owns 557 shares of the construction company’s stock worth $4,113,000 after acquiring an additional 28 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the sale, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This represents a 70.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan Williamson Ross sold 200 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the completion of the transaction, the director directly owned 386 shares of the company’s stock, valued at $3,057,915.16. The trade was a 34.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,120 shares of company stock valued at $9,012,736. Insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NVR. BTIG Research assumed coverage on shares of NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price target for the company. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group set a $8,100.00 target price on NVR in a research report on Friday, February 13th. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a research note on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, NVR currently has a consensus rating of “Hold” and an average target price of $8,182.83.

NVR Stock Performance

Shares of NVR opened at $6,458.92 on Friday. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 52-week low of $6,368.70 and a 52-week high of $8,618.28. The company has a 50-day simple moving average of $7,484.65 and a 200-day simple moving average of $7,601.43. The company has a market capitalization of $18.02 billion, a PE ratio of 14.77, a P/E/G ratio of 2.20 and a beta of 1.04.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. NVR had a net margin of 13.27% and a return on equity of 34.28%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the firm earned $139.93 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. Equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has authorized a stock buyback plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.