Sumitomo Mitsui Trust Holdings Inc. Sells 130 Shares of NVR, Inc. (NYSE:NVR)

Sumitomo Mitsui Trust Holdings Inc. decreased its position in shares of NVR, Inc. (NYSE:NVR) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,810 shares of the construction company’s stock after selling 130 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in NVR were worth $61,674,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NVR. First Pacific Financial bought a new position in NVR during the 3rd quarter worth approximately $30,000. Clear Street Markets LLC raised its holdings 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 purchasing an additional 4 shares during the last quarter. Allworth Financial LP raised its holdings 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 purchasing an additional 4 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in NVR during the 2nd quarter worth approximately $64,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in NVR during the 3rd quarter worth approximately $78,000. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In other news, CFO Daniel David Malzahn sold 2,000 shares of NVR stock in a transaction on 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 completion of the sale, the chief financial officer now owns 13,209 shares in the company, valued at approximately $95,802,631.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction on Friday, February 23rd. The shares were 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 of the company’s stock, valued at approximately $1,751,450. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of NVR 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 completion of the sale, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock worth $59,155,947 in the last quarter. 7.00% of the stock is owned by corporate insiders.

NVR Stock Performance

NYSE:NVR opened at $7,718.27 on Friday. The company has a fifty day moving average of $7,708.72 and a 200-day moving average of $6,903.36. The firm has a market capitalization of $24.70 billion, a P/E ratio of 16.66, a P/E/G ratio of 2.79 and a beta of 1.13. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $8,211.40.

NVR (NYSE:NVR) last released 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 company had revenue of $2.39 billion during 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%. NVR’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $133.44 EPS. As a group, sell-side analysts anticipate that NVR, Inc. will post 499.45 EPS for the current year.

NVR announced that its board has initiated a stock repurchase plan 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 plans are often an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report 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.