NVR, Inc. (NYSE:NVR) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lessened its holdings in NVR, Inc. (NYSE:NVR) by 94.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30 shares of the construction company’s stock after selling 558 shares during the period. iA Global Asset Management Inc.’s holdings in NVR were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Peak Financial Advisors LLC acquired a new position in shares of NVR in the 4th quarter valued at $1,235,000. JPMorgan Chase & Co. lifted its stake in NVR by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after acquiring an additional 2,206 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock worth $171,266,000 after acquiring an additional 644 shares in the last quarter. Markel Group Inc. lifted its stake in NVR by 0.9% during the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock worth $96,626,000 after acquiring an additional 110 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in NVR by 11.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock worth $24,667,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NVR. UBS Group increased their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9,356.67.

NVR Price Performance

Shares of NYSE NVR opened at $7,181.22 on Friday. The stock’s 50-day moving average is $7,606.71 and its two-hundred day moving average is $8,554.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR, Inc. has a 1-year low of $7,015.00 and a 1-year high of $9,964.77. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has approved a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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.