Occidental Asset Management LLC Acquires Shares of 25 NVR, Inc. (NYSE:NVR)

Occidental Asset Management LLC acquired a new stake in NVR, Inc. (NYSE:NVR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25 shares of the construction company’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NVR in the fourth quarter valued at $35,000. Criterion Capital Advisors LLC acquired a new position in NVR in the fourth quarter valued at $42,000. Allworth Financial LP increased its stake in NVR by 100.0% in the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after purchasing an additional 4 shares during the period. USA Financial Formulas acquired a new position in NVR in the fourth quarter valued at $63,000. Finally, Mather Group LLC. acquired a new position in NVR in the first quarter valued at $73,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVR news, Director David A. Preiser sold 500 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 239 shares in the company, valued at $1,813,104.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other NVR news, Director David A. Preiser sold 500 shares of the company’s stock in a transaction dated 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 sale, the director now owns 239 shares of the company’s stock, valued at $1,813,104.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,771,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,600 shares of company stock worth $12,233,609. 7.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

NVR has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. UBS Group boosted their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th.

NVR Trading Down 0.9 %

Shares of NVR stock opened at $7,588.56 on Friday. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The company’s 50-day simple moving average is $7,593.91 and its 200-day simple moving average is $7,480.41. The firm has a market cap of $23.75 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 3.15 and a beta of 1.16.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the business posted $99.89 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts anticipate that NVR, Inc. will post 493.93 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 7th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.