Mackenzie Financial Corp Sells 213 Shares of NVR, Inc. (NYSE:NVR)

Mackenzie Financial Corp decreased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 12.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,519 shares of the construction company's stock after selling 213 shares during the period. Mackenzie Financial Corp owned approximately 0.05% of NVR worth $12,424,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. JDM Financial Group LLC purchased a new stake in shares of NVR in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC raised its holdings in NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after buying an additional 3 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after buying an additional 3 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in NVR by 60.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock valued at $65,000 after buying an additional 3 shares during the last quarter. Finally, Morse Asset Management Inc raised its holdings in NVR by 1,200.0% during the 4th quarter. Morse Asset Management Inc now owns 13 shares of the construction company's stock valued at $106,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Up 0.1%

NVR stock traded up $7.86 during trading on Friday, hitting $7,105.50. 35,620 shares of the stock traded hands, compared to its average volume of 22,198. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The firm's 50 day moving average is $7,145.84 and its two-hundred day moving average is $7,745.70. The stock has a market cap of $20.78 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. 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 (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing the consensus estimate of $107.87 by ($13.04). The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has initiated a share repurchase 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 reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. UBS Group decreased their price objective on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $9,023.33.

About NVR

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.