Cumberland Partners Ltd Sells 40 Shares of NVR, Inc. (NYSE:NVR)

Key Points

• Cumberland Partners Ltd has reduced its position in NVR, Inc. by 21.1%, now holding 150 shares valued at $1,087,000.
• NVR's quarterly earnings reported a profit of $108.54 per share, surpassing analysts' expectations, despite a slight revenue decline of 0.5% year-over-year.
• The company has authorized a stock buyback program allowing for the repurchase of up to $750 million in shares, indicating management's belief in the stock's undervaluation.

Cumberland Partners Ltd reduced its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150 shares of the construction company's stock after selling 40 shares during the quarter. Cumberland Partners Ltd's holdings in NVR were worth $1,087,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC acquired a new position in shares of NVR during the 4th quarter valued at $25,000. Olde Wealth Management LLC acquired a new position in shares of NVR during the 1st quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of NVR during the 1st quarter valued at $36,000. Ridgewood Investments LLC increased its position in shares of NVR by 150.0% during the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after purchasing an additional 3 shares during the period. Finally, CX Institutional acquired a new position in shares of NVR during the 1st quarter valued at $43,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Price Performance

Shares of NVR traded up $26.10 during trading hours on Tuesday, hitting $7,897.12. 1,808 shares of the company were exchanged, compared to its average volume of 23,393. The company has a market capitalization of $23.06 billion, a PE ratio of 16.66, a PEG ratio of 11.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The firm has a fifty day simple moving average of $7,418.14 and a 200-day simple moving average of $7,368.60. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping the consensus estimate of $104.89 by $3.65. The business 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%. NVR's revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $120.69 earnings per share. As a group, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has authorized a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

NVR has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. UBS Group raised their price objective 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. Finally, Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

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.