Proficio Capital Partners LLC Has $421,000 Stake in NVR, Inc. (NYSE:NVR)

Proficio Capital Partners LLC lessened its holdings in shares of NVR, Inc. (NYSE:NVRFree Report) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52 shares of the construction company’s stock after selling 2 shares during the period. Proficio Capital Partners LLC’s holdings in NVR were worth $421,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Greenleaf Trust increased its stake in NVR by 4.9% in the fourth quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock valued at $301,000 after acquiring an additional 2 shares during the last quarter. PYA Waltman Capital LLC boosted its position in NVR by 0.5% in the fourth quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock valued at $2,968,000 after buying an additional 2 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of NVR by 0.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 305 shares of the construction company’s stock worth $2,135,000 after buying an additional 2 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of NVR by 0.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 214 shares of the construction company’s stock worth $1,498,000 after buying an additional 2 shares in the last quarter. Finally, Gulf International Bank UK Ltd lifted its stake in shares of NVR by 0.8% in the 1st quarter. Gulf International Bank UK Ltd now owns 267 shares of the construction company’s stock valued at $2,162,000 after acquiring an additional 2 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 500 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director David A. Preiser sold 500 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the transaction, the director now owns 239 shares in the company, valued at $1,813,104.19. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Paul C. Saville sold 300 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the sale, the chairman now owns 106,860 shares of the company’s stock, valued at $819,661,081.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,600 shares of company stock valued at $12,233,609 over the last ninety days. 7.00% of the stock is owned by company insiders.

NVR Trading Up 0.8 %

Shares of NVR stock traded up $59.22 during trading on Wednesday, hitting $7,543.30. The company’s stock had a trading volume of 3,910 shares, compared to its average volume of 19,156. The stock has a market cap of $23.61 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 3.10 and a beta of 1.17. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $8,211.40. The stock has a 50-day moving average price of $7,561.81 and a two-hundred day moving average price of $7,512.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.97.

NVR (NYSE:NVRGet Free Report) last announced its earnings results on Tuesday, April 23rd. The construction company reported $116.41 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 the consensus estimate of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $99.89 EPS. Equities research analysts anticipate that NVR, Inc. will post 493.93 EPS for the current fiscal year.

NVR announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 7th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have issued reports on NVR. UBS Group upped their target price on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th.

Read Our Latest Stock Report on NVR

About NVR

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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