NVR, Inc. (NYSE:NVR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in NVR, Inc. (NYSE:NVR) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 546 shares of the construction company’s stock after selling 35 shares during the quarter. Mutual of America Capital Management LLC’s holdings in NVR were worth $3,822,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Custom Index Systems LLC acquired a new position in shares of NVR in the 4th quarter valued at $420,000. Sequoia Financial Advisors LLC acquired a new position in NVR in the 4th quarter valued at $406,000. Nisa Investment Advisors LLC increased its stake in NVR by 52.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 947 shares of the construction company’s stock valued at $6,629,000 after buying an additional 326 shares during the period. Allworth Financial LP increased its stake in NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after buying an additional 4 shares during the period. Finally, International Assets Investment Management LLC increased its stake in NVR by 626,255.3% in the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after buying an additional 237,977 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,684,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the sale, the chief financial officer now owns 13,209 shares in the company, valued at $95,802,631.47. The disclosure for this sale can be found here. In the last ninety 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 Performance

Shares of NVR opened at $7,661.83 on Wednesday. The stock has a market capitalization of $24.52 billion, a P/E ratio of 16.54, a P/E/G ratio of 2.83 and a beta of 1.13. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The company’s fifty day moving average is $7,699.10 and its two-hundred day moving average is $6,892.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10.

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

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

Wall Street Analyst Weigh In

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

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.