Strs Ohio Sells 409 Shares of NVR, Inc. (NYSE:NVR)

Strs Ohio lowered its stake in shares of NVR, Inc. (NYSE:NVR) by 37.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 691 shares of the construction company’s stock after selling 409 shares during the quarter. Strs Ohio’s holdings in NVR were worth $4,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Unison Advisors LLC bought a new stake in NVR during the fourth quarter valued at about $2,345,000. International Assets Investment Management LLC boosted its position in NVR by 626,255.3% during the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after purchasing an additional 237,977 shares in the last quarter. ING Groep NV boosted its position in NVR by 21.5% during the third quarter. ING Groep NV now owns 3,810 shares of the construction company’s stock valued at $22,720,000 after purchasing an additional 675 shares in the last quarter. Fortis Capital Management LLC boosted its position in NVR by 6.8% during the third quarter. Fortis Capital Management LLC now owns 219 shares of the construction company’s stock valued at $1,307,000 after purchasing an additional 14 shares in the last quarter. Finally, Paralel Advisors LLC boosted its position in NVR by 1.2% during the third quarter. Paralel Advisors LLC now owns 343 shares of the construction company’s stock valued at $2,045,000 after purchasing an additional 4 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Price Performance

Shares of NYSE NVR opened at $7,718.27 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. The company has a market cap of $24.70 billion, a PE ratio of 16.66, a P/E/G ratio of 2.79 and a beta of 1.13. The business has a 50-day simple moving average of $7,708.72 and a two-hundred day simple moving average of $6,903.36. 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 issued its quarterly earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, topping the consensus estimate of $121.50 by $0.06. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.61 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. The company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $133.44 earnings per share. As a group, equities analysts expect that NVR, Inc. will post 499.45 EPS for the current fiscal year.

NVR announced that its board has approved a share buyback program on Wednesday, February 14th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the transaction, the chief financial officer now directly owns 13,209 shares in the company, valued at $95,802,631.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Daniel David Malzahn sold 2,000 shares of NVR 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 of the company’s stock, valued at $95,802,631.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction dated Tuesday, February 6th. The stock was 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 of the company’s stock, valued at approximately $1,684,750. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,981 shares of company stock valued at $59,155,947. 7.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.