Stifel Financial Corp Sells 334 Shares of NVR, Inc. (NYSE:NVR)

Stifel Financial Corp lessened its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 36.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 574 shares of the construction company's stock after selling 334 shares during the period. Stifel Financial Corp's holdings in NVR were worth $5,632,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. acquired a new stake in shares of NVR in the 3rd quarter valued at $39,000. Intech Investment Management LLC bought a new position in NVR in the 3rd quarter worth $9,341,000. Swedbank AB raised its holdings in NVR by 8.7% in the 2nd quarter. Swedbank AB now owns 125 shares of the construction company's stock worth $949,000 after acquiring an additional 10 shares during the period. Brown Brothers Harriman & Co. raised its holdings in NVR by 11.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company's stock worth $24,667,000 after acquiring an additional 250 shares during the period. Finally, MBB Public Markets I LLC bought a new position in NVR in the 2nd quarter worth $1,571,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Activity

In other news, Director David A. Preiser sold 250 shares of the company's 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 in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale 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 company'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 transaction, the chief accounting officer now owns 230 shares in the company, valued at $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. In the last three months, insiders have sold 775 shares of company stock worth $7,294,073. Corporate insiders own 7.00% of the company's stock.

Wall Street Analyst Weigh In

NVR has been the topic of several recent analyst reports. StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. UBS Group lifted their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Bank of America dropped their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Finally, JPMorgan Chase & Co. dropped 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $9,765.00.

NVR Price Performance

Shares of NVR stock traded down $208.97 during trading on Friday, hitting $8,587.63. 23,868 shares of the company's stock traded hands, compared to its average volume of 19,435. 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 firm's fifty day moving average price is $9,250.20 and its 200 day moving average price is $8,748.37. NVR, Inc. has a twelve month low of $6,768.02 and a twelve month high of $9,964.77. The company has a market cap of $26.28 billion, a PE ratio of 17.56, a PEG ratio of 1.90 and a beta of 1.18.

NVR (NYSE:NVR - Get Free Report) last issued its 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). NVR had a net margin of 16.51% and a return on equity of 38.20%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the firm posted $125.26 earnings per share. NVR's revenue was up 6.6% on a year-over-year basis. Analysts forecast that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a share buyback 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 repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

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.