NVR, Inc. (NYSE:NVR) Stock Position Reduced by Northern Financial Advisors Inc

Northern Financial Advisors Inc trimmed its stake in NVR, Inc. (NYSE:NVR - Free Report) by 29.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 564 shares of the construction company's stock after selling 239 shares during the quarter. NVR comprises about 3.3% of Northern Financial Advisors Inc's holdings, making the stock its 4th biggest position. Northern Financial Advisors Inc's holdings in NVR were worth $3,948,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVR. International Assets Investment Management LLC raised its position in NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company's stock worth $1,666,212,000 after acquiring an additional 237,977 shares during the period. Unison Advisors LLC purchased a new position in shares of NVR during the 4th quarter valued at $2,345,000. AIA Group Ltd raised its holdings in NVR by 15.6% during the 4th quarter. AIA Group Ltd now owns 311 shares of the construction company's stock valued at $2,177,000 after acquiring an additional 42 shares during the period. ING Groep NV boosted its holdings in NVR by 21.5% in the 3rd quarter. ING Groep NV now owns 3,810 shares of the construction company's stock valued at $22,720,000 after purchasing an additional 675 shares during the period. Finally, Fortis Capital Management LLC grew its position in NVR by 6.8% in the third quarter. Fortis Capital Management LLC now owns 219 shares of the construction company's stock worth $1,307,000 after acquiring an additional 14 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 150 shares of the company's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $7,500.00, for a total value of $1,125,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,725,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 150 shares of NVR stock in a transaction on Monday, February 12th. The stock was sold at an average price of $7,500.00, for a total transaction of $1,125,000.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,725,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel David Malzahn sold 479 shares of the firm's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $7,340.01, for a total value of $3,515,864.79. Following the transaction, the chief financial officer now owns 13,682 shares of the company's stock, valued at $100,426,016.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,781 shares of company stock valued at $43,282,357. Insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

NVR has been the topic of a number of research reports. UBS Group raised their price target on NVR from $7,600.00 to $8,175.00 and gave the company a "neutral" rating in a research report on Wednesday, April 24th. StockNews.com raised shares of NVR from a "hold" rating to a "buy" rating in a research note on Wednesday, April 24th.

NVR Trading Down 2.3 %

NVR traded down $179.42 on Wednesday, hitting $7,575.00. 17,356 shares of the company were exchanged, compared to its average volume of 18,987. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52. The firm has a fifty day simple moving average of $7,750.82 and a two-hundred day simple moving average of $7,076.55. The stock has a market capitalization of $24.01 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 3.20 and a beta of 1.13. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $103.97 by $12.44. The firm had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The business's revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $99.89 earnings per share. Sell-side analysts expect that NVR, Inc. will post 487.53 earnings per share for the current year.

NVR announced that its board has approved a stock repurchase program on Wednesday, February 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

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.