Atria Wealth Solutions Inc. Decreases Stock Position in NVR, Inc. (NYSE:NVR)

Atria Wealth Solutions Inc. lessened its position in NVR, Inc. (NYSE:NVR) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70 shares of the construction company’s stock after selling 4 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NVR were worth $507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NVR. Brighton Jones LLC lifted its position in shares of NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after acquiring an additional 31 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NVR in the fourth quarter valued at approximately $37,942,000. Mariner LLC increased its holdings in shares of NVR by 1.2% in the fourth quarter. Mariner LLC now owns 1,243 shares of the construction company’s stock valued at $10,167,000 after purchasing an additional 15 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of NVR in the fourth quarter valued at approximately $491,000. Finally, Bridgewater Associates LP increased its holdings in shares of NVR by 214.7% in the fourth quarter. Bridgewater Associates LP now owns 1,517 shares of the construction company’s stock valued at $12,407,000 after purchasing an additional 1,035 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR stock opened at $8,296.32 on Thursday. The business has a fifty day moving average of $7,534.37 and a two-hundred day moving average of $7,362.73. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The stock has a market cap of $23.81 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 11.32 and a beta of 0.94. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $104.89 by $3.65. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $120.69 earnings per share. As a group, research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has initiated a stock repurchase program on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group increased their price target on NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8,783.33.

Insider Transactions at NVR

In other NVR news, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the completion of the sale, the director owned 386 shares of the company’s stock, valued at $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.00% of the stock is currently owned by company 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.