Hennessy Advisors Inc. Sells 100 Shares of NVR, Inc. (NYSE:NVR)

Hennessy Advisors Inc. decreased its holdings in NVR, Inc. (NYSE:NVR) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 300 shares of the construction company’s stock after selling 100 shares during the quarter. Hennessy Advisors Inc.’s holdings in NVR were worth $2,454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. acquired a new position in NVR during the 3rd quarter worth about $39,000. JPMorgan Chase & Co. raised its stake in shares of NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after acquiring an additional 2,206 shares during the last quarter. Peak Financial Advisors LLC acquired a new position in shares of NVR during the fourth quarter worth approximately $1,235,000. Intech Investment Management LLC bought a new stake in shares of NVR during the third quarter valued at approximately $9,341,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of NVR by 11.0% in the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock valued at $24,667,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at $2,186,679. The trade was a 35.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now directly owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 775 shares of company stock valued at $7,294,073. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Up 0.3 %

Shares of NVR stock opened at $8,381.72 on Friday. The business has a fifty day simple moving average of $8,605.45 and a 200 day simple moving average of $8,851.18. The stock has a market cap of $25.65 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 12 month low of $6,800.00 and a 12 month high of $9,964.77.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. NVR’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $125.26 earnings per share. Research analysts predict that NVR, Inc. will post 494.48 EPS for the current year.

NVR declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have issued reports on NVR shares. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group decreased their price target on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Bank of America reduced their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9,531.67.

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.