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

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

Other institutional investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its stake in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock valued at $39,000 after acquiring an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new position in NVR during the third quarter worth $39,000. Rakuten Securities Inc. bought a new position in NVR in the third quarter valued at $39,000. Private Trust Co. NA increased its stake in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after buying an additional 2 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in NVR during the 3rd quarter worth about $49,000. Institutional investors own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut 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. Seaport Res Ptn cut shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Bank of America reduced their price target on NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, UBS Group cut their price objective on NVR from $9,450.00 to $8,750.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. 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, NVR presently has a consensus rating of "Hold" and an average target price of $9,531.67.

NVR Price Performance

NVR stock traded up $25.91 during mid-day trading on Friday, hitting $8,381.72. The stock had a trading volume of 56,741 shares, compared to its average volume of 22,202. The firm has a fifty day simple moving average of $8,605.45 and a 200 day simple moving average of $8,861.17. The firm has a market capitalization of $25.65 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.57 and a beta of 1.20. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 52 week low of $6,800.00 and a 52 week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate 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 prior year, the company earned $125.26 earnings per share. As a group, research analysts forecast that NVR, Inc. will post 494.48 EPS for the current year.

NVR announced that its board has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 125 shares of the firm's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. This trade represents a 35.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David A. Preiser sold 250 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 775 shares of company stock worth $7,294,073. Company insiders own 7.00% of the company's stock.

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.