Montag A & Associates Inc. Sells 38 Shares of NVR, Inc. (NYSE:NVR)

Montag A & Associates Inc. trimmed its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 421 shares of the construction company's stock after selling 38 shares during the quarter. Montag A & Associates Inc.'s holdings in NVR were worth $3,443,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NVR. IMS Capital Management raised its position in shares of NVR by 1.5% in the 4th quarter. IMS Capital Management now owns 277 shares of the construction company's stock valued at $2,266,000 after buying an additional 4 shares in the last quarter. Marks Group Wealth Management Inc boosted its stake in shares of NVR by 1.8% during the fourth quarter. Marks Group Wealth Management Inc now owns 567 shares of the construction company's stock valued at $4,637,000 after purchasing an additional 10 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in shares of NVR by 10.7% during the fourth quarter. Summit Trail Advisors LLC now owns 31 shares of the construction company's stock worth $254,000 after purchasing an additional 3 shares during the last quarter. Equitable Trust Co. acquired a new position in shares of NVR in the fourth quarter valued at approximately $213,000. Finally, Savant Capital LLC raised its holdings in NVR by 1.6% in the 4th quarter. Savant Capital LLC now owns 375 shares of the construction company's stock valued at $3,067,000 after buying an additional 6 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NVR shares. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Bank of America cut their price objective on 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. JPMorgan Chase & Co. cut their target price 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. Seaport Res Ptn lowered shares of NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. Finally, UBS Group raised their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, NVR presently has an average rating of "Hold" and a consensus target price of $9,356.67.

NVR Stock Up 1.0 %

NVR stock traded up $71.67 during trading on Thursday, reaching $7,248.58. The stock had a trading volume of 19,900 shares, compared to its average volume of 27,397. The company has a market capitalization of $21.67 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 2.36 and a beta of 1.20. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The company's 50 day moving average is $8,020.82 and its two-hundred day moving average is $8,789.32. NVR, Inc. has a one year low of $7,073.38 and a one year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts' consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Equities research analysts forecast that NVR, Inc. will post 512.33 EPS for the current year.

NVR declared that its Board of Directors 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 repurchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction on Monday, February 10th. The stock was 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. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 7.00% of the company's stock.

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.