Obermeyer Wood Investment Counsel Lllp Has $33.50 Million Position in NVR, Inc. (NYSE:NVR)

Obermeyer Wood Investment Counsel Lllp reduced its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,786 shares of the construction company's stock after selling 211 shares during the period. NVR comprises about 2.3% of Obermeyer Wood Investment Counsel Lllp's investment portfolio, making the stock its 16th largest holding. Obermeyer Wood Investment Counsel Lllp owned 0.15% of NVR worth $33,504,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of NVR. AIA Group Ltd boosted its position in NVR by 15.6% during the fourth quarter. AIA Group Ltd now owns 311 shares of the construction company's stock valued at $2,177,000 after purchasing an additional 42 shares during the last quarter. Smead Capital Management Inc. lifted its position in shares of NVR by 0.7% in the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company's stock valued at $276,385,000 after buying an additional 277 shares during the last quarter. Mraz Amerine & Associates Inc. lifted its position in shares of NVR by 1.5% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 462 shares of the construction company's stock valued at $3,234,000 after buying an additional 7 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of NVR in the fourth quarter valued at approximately $35,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of NVR by 5.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 291 shares of the construction company's stock valued at $2,037,000 after buying an additional 15 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Price Performance

NVR stock traded up $32.32 during mid-day trading on Thursday, reaching $7,702.26. 21,476 shares of the company were exchanged, compared to its average volume of 18,917. The company has a fifty day simple moving average of $7,704.09 and a 200-day simple moving average of $6,897.66. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90. The firm has a market cap of $24.65 billion, a PE ratio of 16.56, a PEG ratio of 2.79 and a beta of 1.13.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, topping analysts' consensus estimates of $121.50 by $0.06. NVR had a return on equity of 38.50% and a net margin of 17.09%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the company earned $133.44 EPS. The company's revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts expect that NVR, Inc. will post 497.8 earnings per share for the current fiscal year.

NVR announced that its board has authorized a stock buyback plan on Wednesday, February 14th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other NVR news, Director Susan Williamson Ross sold 250 shares of the firm's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the sale, the director now owns 405 shares of the company's stock, valued at approximately $2,974,700.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other NVR news, Director Susan Williamson Ross sold 250 shares of the firm's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the sale, the director now owns 405 shares of the company's stock, valued at approximately $2,974,700.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 100 shares of the firm's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,751,450. The disclosure for this sale can be found here. Insiders have sold a total of 7,981 shares of company stock worth $59,155,947 in the last 90 days. Company insiders own 7.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research note on Thursday, February 15th.

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.

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