Allspring Global Investments Holdings LLC Decreases Stock Position in NVR, Inc. (NYSE:NVR)

Allspring Global Investments Holdings LLC lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 36.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,243 shares of the construction company’s stock after selling 698 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NVR were worth $8,702,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVR. First Pacific Financial purchased a new stake in NVR during the 3rd quarter valued at $30,000. Clear Street Markets LLC increased its stake in NVR by 133.3% in the first quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock worth $39,000 after purchasing an additional 4 shares during the period. Allworth Financial LP increased its stake in NVR by 100.0% in the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after purchasing an additional 4 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in NVR in the second quarter worth $64,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in NVR in the third quarter worth $78,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

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 business’s fifty day simple moving average is $7,704.09 and its two-hundred day simple moving average is $6,897.66. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $8,211.40. The firm has a market cap of $24.54 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 2.83 and a beta of 1.13.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, beating the consensus estimate of $121.50 by $0.06. The firm had revenue of $2.39 billion for 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 business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $133.44 earnings per share. Analysts predict that NVR, Inc. will post 497.8 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,684,750. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,684,750. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,981 shares of company stock worth $59,155,947. Company 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.