Ameritas Advisory Services LLC Takes $243,000 Position in NVR, Inc. (NYSE:NVR)

Ameritas Advisory Services LLC acquired a new position in NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32 shares of the construction company’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVR. Principal Financial Group Inc. increased its stake in shares of NVR by 0.4% in the first quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company’s stock worth $424,851,000 after purchasing an additional 191 shares in the last quarter. Norges Bank purchased a new position in NVR in the 4th quarter valued at approximately $246,031,000. Schroder Investment Management Group raised its holdings in NVR by 3.1% during the 4th quarter. Schroder Investment Management Group now owns 32,140 shares of the construction company’s stock valued at $224,994,000 after acquiring an additional 963 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of NVR by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 29,877 shares of the construction company’s stock worth $209,150,000 after acquiring an additional 781 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of NVR by 98.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock worth $141,498,000 after acquiring an additional 8,684 shares during the period. 83.67% of the stock is currently owned by institutional investors.

NVR Price Performance

Shares of NYSE NVR opened at $9,159.73 on Friday. The stock has a fifty day moving average of $8,331.24 and a 200-day moving average of $7,889.60. The stock has a market cap of $28.70 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $9,360.00.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). NVR had a net margin of 16.83% and a return on equity of 38.51%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Equities research analysts anticipate that NVR, Inc. will post 499.77 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 7th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,955,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,955,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the transaction, the director now directly owns 391 shares of the company’s stock, valued at approximately $3,325,810.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 648 shares of company stock valued at $5,547,709. Company insiders own 7.00% of the company’s stock.

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.