Unique Wealth Strategies LLC Takes $574,000 Position in NVR, Inc. (NYSE:NVR)

Unique Wealth Strategies LLC purchased a new stake in NVR, Inc. (NYSE:NVR) in the fourth quarter, Holdings Channel reports. The firm purchased 82 shares of the construction company’s stock, valued at approximately $574,000.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of NVR by 2.1% in the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock valued at $2,137,259,000 after purchasing an additional 7,516 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of 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 valued at $1,666,212,000 after purchasing an additional 237,977 shares in the last quarter. Invesco Ltd. grew its position in NVR by 11.2% in the third quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock worth $264,287,000 after acquiring an additional 4,468 shares during the period. Smead Capital Management Inc. grew its position in NVR by 0.7% in the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock worth $276,385,000 after acquiring an additional 277 shares during the period. Finally, Northern Trust Corp grew its position in NVR by 11.4% in the third quarter. Northern Trust Corp now owns 38,518 shares of the construction company’s stock worth $229,694,000 after acquiring an additional 3,943 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Paul C. Saville sold 250 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the sale, the chairman now directly owns 106,860 shares in the company, valued at $813,314,665.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other NVR news, Chairman Paul C. Saville sold 250 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the sale, the chairman now directly owns 106,860 shares in the company, valued at $813,314,665.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 100 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total value of $761,500.00. Following the transaction, 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 7,981 shares of company stock worth $59,155,947 over the last ninety days. Corporate insiders own 7.00% of the company’s stock.

NVR Trading Down 1.0 %

NYSE:NVR traded down $77.96 during trading hours on Friday, reaching $7,647.04. 24,587 shares of the stock were exchanged, compared to its average volume of 17,901. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $7,741.99 and a two-hundred day moving average of $6,982.80. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $8,211.40. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 3.17 and a beta of 1.13.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the prior year, the firm earned $99.89 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts predict that NVR, Inc. will post 494.66 EPS for the current year.

NVR announced that its board has initiated a share repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

NVR has been the subject of several analyst reports. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group increased their price objective on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday.

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.