58 Shares in NVR, Inc. (NYSE:NVR) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in shares of NVR, Inc. (NYSE:NVR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 58 shares of the construction company’s stock, valued at approximately $406,000.

Other institutional investors also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new position in NVR during the 3rd quarter worth $30,000. Clear Street Markets LLC boosted its position in NVR by 133.3% during the 1st quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock worth $39,000 after acquiring an additional 4 shares during the period. Allworth Financial LP boosted 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 period. Itau Unibanco Holding S.A. acquired a new position in NVR during the 2nd quarter worth $64,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in NVR during the 3rd quarter worth $78,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th.

NVR Trading Up 0.2 %

Shares of NVR stock opened at $7,669.94 on Thursday. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21. The firm has a market cap of $24.54 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 2.83 and a beta of 1.13. The business has a fifty day simple moving average of $7,704.09 and a 200-day simple moving average of $6,897.66. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, beating the consensus estimate of $121.50 by $0.06. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.61 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. The company’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $133.44 earnings per share. On average, equities analysts forecast that NVR, Inc. will post 497.8 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 14th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 100 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at $1,751,450. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Matthew B. Kelpy sold 150 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $7,500.00, for a total transaction of $1,125,000.00. Following the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,725,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 100 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total value of $761,500.00. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,751,450. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock worth $59,155,947 over the last 90 days. 7.00% of the stock is currently owned by company insiders.

NVR 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.