Mackenzie Financial Corp Sells 117 Shares of NVR, Inc. (NYSE:NVR)

Mackenzie Financial Corp lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 8.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,293 shares of the construction company’s stock after selling 117 shares during the period. Mackenzie Financial Corp’s holdings in NVR were worth $9,052,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Pacific Financial bought a new stake in NVR during the 3rd quarter valued at approximately $30,000. Clear Street Markets LLC raised its stake in NVR by 133.3% during the 1st quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock valued at $39,000 after purchasing an additional 4 shares during the period. Allworth Financial LP raised its stake in NVR by 100.0% during the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after purchasing an additional 4 shares during the period. Itau Unibanco Holding S.A. bought a new stake in NVR during the 2nd quarter valued at approximately $64,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in NVR during the 3rd quarter valued at approximately $78,000. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

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

NVR Stock Performance

NYSE NVR opened at $7,685.00 on Friday. The stock has a market capitalization of $24.59 billion, a PE ratio of 16.59, a P/E/G ratio of 2.80 and a beta of 1.13. The business has a 50 day simple moving average of $7,713.46 and a two-hundred day simple moving average of $6,915.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90. NVR, Inc. has a 1-year low of $5,210.49 and a 1-year high of $8,211.40.

NVR (NYSE:NVR) last released its quarterly earnings results 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 analysts’ expectations of $2.61 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $133.44 EPS. On average, research analysts predict that NVR, Inc. will post 499.45 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at NVR

In other news, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the transaction, the chairman now owns 106,860 shares in the company, valued at approximately $813,314,665.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the transaction, the chairman now owns 106,860 shares in the company, valued at approximately $813,314,665.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,684,750. 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 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.