International Assets Investment Management LLC Sells 363,001 Shares of NVR, Inc. (NYSE:NVR)

International Assets Investment Management LLC cut its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 100.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36 shares of the construction company's stock after selling 363,001 shares during the period. International Assets Investment Management LLC's holdings in NVR were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVR. Massmutual Trust Co. FSB ADV grew its holdings in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock worth $39,000 after purchasing an additional 2 shares during the period. GAMMA Investing LLC grew its stake in shares of NVR by 13.3% in the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock valued at $167,000 after buying an additional 2 shares during the period. IFM Investors Pty Ltd increased its position in NVR by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company's stock valued at $5,917,000 after buying an additional 2 shares in the last quarter. Metis Global Partners LLC increased its position in NVR by 1.8% in the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company's stock valued at $1,119,000 after buying an additional 2 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after buying an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David A. Preiser sold 250 shares of the company's 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 transaction, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the 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 transaction, the chief accounting officer now directly owns 230 shares of the company's stock, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 over the last three months. Corporate insiders own 7.00% of the company's stock.

NVR Stock Up 1.4 %

Shares of NYSE NVR traded up $112.72 during trading on Monday, hitting $7,957.94. The stock had a trading volume of 27,211 shares, compared to its average volume of 28,873. The firm has a fifty day moving average of $8,688.03 and a two-hundred day moving average of $8,839.04. The company has a market capitalization of $24.38 billion, a PE ratio of 16.27, a PEG ratio of 1.84 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR, Inc. has a 12 month low of $6,800.00 and a 12 month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $125.26 earnings per share. As a group, equities research analysts forecast that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Seaport Res Ptn cut NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a "neutral" rating on the stock in a report on Friday, December 13th. Bank of America decreased their target price on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Finally, UBS Group cut their price target on NVR from $9,450.00 to $8,750.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $9,531.67.

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.