Allegheny Financial Group Sells 47 Shares of NVR, Inc. (NYSE:NVR)

Allegheny Financial Group cut its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,027 shares of the construction company's stock after selling 47 shares during the period. NVR makes up approximately 6.4% of Allegheny Financial Group's holdings, making the stock its 2nd largest holding. Allegheny Financial Group owned about 0.10% of NVR worth $24,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lakewood Asset Management LLC increased its holdings in shares of NVR by 0.5% in the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company's stock valued at $3,206,000 after acquiring an additional 2 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of NVR by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock worth $155,000 after purchasing an additional 2 shares during the period. Crestmont Private Wealth LLC boosted its holdings in shares of NVR by 3.9% in the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock valued at $433,000 after buying an additional 2 shares during the period. Exchange Traded Concepts LLC grew its position in shares of NVR by 5.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company's stock valued at $294,000 after buying an additional 2 shares during the last quarter. Finally, Empirical Finance LLC raised its stake in NVR by 2.0% during the fourth quarter. Empirical Finance LLC now owns 103 shares of the construction company's stock worth $842,000 after acquiring an additional 2 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

Shares of NVR stock traded up $150.73 during midday trading on Wednesday, reaching $7,111.82. 5,994 shares of the company were exchanged, compared to its average volume of 22,078. The company's 50 day moving average price is $7,185.85 and its two-hundred day moving average price is $7,998.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The company has a market cap of $21.11 billion, a P/E ratio of 14.01, a PEG ratio of 2.39 and a beta of 1.02. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a net margin of 16.34% and a return on equity of 39.67%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. On average, sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a stock repurchase program on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company's stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.00% of the company's stock.

Wall Street Analysts Forecast Growth

NVR has been the topic of several analyst reports. UBS Group dropped their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9,023.33.

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.