Barclays PLC Sells 821 Shares of NVR, Inc. (NYSE:NVR)

Barclays PLC decreased its position in NVR, Inc. (NYSE:NVR - Free Report) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,395 shares of the construction company's stock after selling 821 shares during the period. Barclays PLC owned about 0.31% of NVR worth $92,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its position in shares of NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock valued at $39,000 after purchasing an additional 2 shares during the period. Blue Trust Inc. bought a new stake in NVR during the 3rd quarter valued at $39,000. Rakuten Securities Inc. purchased a new stake in shares of NVR during the third quarter worth $39,000. Redwood Wealth Management Group LLC bought a new position in shares of NVR in the second quarter worth $46,000. Finally, Private Trust Co. NA grew its position in shares of NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Price Performance

Shares of NYSE:NVR traded down $52.09 on Thursday, hitting $8,796.60. The company's stock had a trading volume of 20,269 shares, compared to its average volume of 19,417. The company has a market capitalization of $26.95 billion, a PE ratio of 17.98, a PEG ratio of 1.92 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The company has a 50-day simple moving average of $9,285.41 and a 200 day simple moving average of $8,730.13. NVR, Inc. has a 1 year low of $6,521.06 and a 1 year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts' consensus estimates of $131.00 by ($0.50). The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $125.26 earnings per share. Sell-side analysts forecast that NVR, Inc. will post 494.48 EPS for the current fiscal year.

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

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of NVR stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company's stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company's stock, valued at approximately $2,186,679. The trade was a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775 shares of company stock worth $7,294,073. Corporate insiders own 7.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NVR. Seaport Res Ptn cut NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Bank of America reduced their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Finally, UBS Group increased their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd.

NVR 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.