Cumberland Partners Ltd Sells 35 Shares of NVR, Inc. (NYSE:NVR)

Cumberland Partners Ltd lowered its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 15.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 190 shares of the construction company's stock after selling 35 shares during the period. Cumberland Partners Ltd's holdings in NVR were worth $1,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its holdings in NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company's stock worth $3,562,046,000 after acquiring an additional 363,004 shares during the last quarter. Jennison Associates LLC bought a new position in shares of NVR during the third quarter valued at about $348,545,000. Mizuho Securities USA LLC boosted its holdings in NVR by 6,454.8% during the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company's stock worth $162,071,000 after purchasing an additional 16,266 shares during the last quarter. Assenagon Asset Management S.A. grew its position in NVR by 254.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company's stock worth $87,001,000 after purchasing an additional 6,363 shares in the last quarter. Finally, KBC Group NV increased its stake in NVR by 299.9% in the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company's stock valued at $55,162,000 after buying an additional 4,216 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.00% of the company's stock.

NVR Stock Performance

NYSE NVR traded down $166.57 on Friday, hitting $7,091.43. 16,998 shares of the stock traded hands, compared to its average volume of 27,058. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The business's fifty day moving average is $7,989.86 and its two-hundred day moving average is $8,778.62. NVR, Inc. has a 12 month low of $7,073.38 and a 12 month high of $9,964.77. The firm has a market capitalization of $21.20 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.33 and a beta of 1.20.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities analysts anticipate that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its board has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

NVR has been the topic of a number of research analyst reports. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. UBS Group raised their target price on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $9,356.67.

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.