NVR, Inc. (NYSE:NVR) Shares Sold by Crown Advisors Management Inc.

Key Points

• Crown Advisors Management Inc. reduced its stake in NVR, Inc. by 41.2% during the first quarter, now holding 500 shares worth approximately $3.62 million, making it the 13th largest holding in their portfolio.
• Insider trading activity included Director Susan Williamson Ross selling 125 shares at an average price of $7,850.28, reflecting a 24.46% decrease in her position.
• Several analysts have updated their ratings for NVR, with UBS Group raising the price target from $7,900 to $8,150, while maintaining a "neutral" rating.

Crown Advisors Management Inc. decreased its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 41.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500 shares of the construction company's stock after selling 350 shares during the quarter. NVR makes up 3.2% of Crown Advisors Management Inc.'s investment portfolio, making the stock its 13th biggest holding. Crown Advisors Management Inc.'s holdings in NVR were worth $3,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NVR. Fifth Third Wealth Advisors LLC boosted its position in shares of NVR by 1.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock worth $1,282,000 after acquiring an additional 2 shares in the last quarter. Peak Financial Advisors LLC boosted its position in shares of NVR by 1.3% during the 1st quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock worth $1,108,000 after acquiring an additional 2 shares in the last quarter. Salvus Wealth Management LLC boosted its position in shares of NVR by 0.6% during the 1st quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock worth $2,449,000 after acquiring an additional 2 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of NVR by 6.9% during the 1st quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock worth $225,000 after acquiring an additional 2 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of NVR by 6.7% during the 1st quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock worth $232,000 after acquiring an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Performance

NVR stock traded up $28.23 during mid-day trading on Friday, reaching $8,226.78. 14,918 shares of the company were exchanged, compared to its average volume of 23,038. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The firm's 50-day simple moving average is $7,554.62 and its two-hundred day simple moving average is $7,361.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The firm has a market cap of $23.61 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 11.87 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping analysts' consensus estimates of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%. The company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period last year, the firm earned $120.69 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has approved a stock repurchase plan on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NVR. JPMorgan Chase & Co. raised their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group raised their price target on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $8,783.33.

Insider Buying and Selling

In other news, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at $1,684,800. This trade represents a 74.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the sale, the director directly owned 386 shares of the company's stock, valued at $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

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.