Russell Investments Group Ltd. Has $40.82 Million Holdings in NVR, Inc. (NYSE:NVR)

Russell Investments Group Ltd. trimmed its stake in NVR, Inc. (NYSE:NVR) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,832 shares of the construction company’s stock after selling 178 shares during the period. Russell Investments Group Ltd.’s holdings in NVR were worth $40,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Pacific Financial acquired a new stake in shares of NVR in the third quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NVR in the fourth quarter valued at approximately $35,000. Criterion Capital Advisors LLC acquired a new stake in NVR during the 4th quarter valued at approximately $42,000. Allworth Financial LP raised its holdings in NVR by 100.0% during the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after purchasing an additional 4 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in NVR during the 3rd quarter worth approximately $78,000. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Stock Performance

Shares of NVR stock opened at $7,540.00 on Tuesday. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $7,744.98 and a two-hundred day simple moving average of $7,000.03. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40. The firm has a market capitalization of $24.13 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 3.17 and a beta of 1.13.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $103.97 by $12.44. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $99.89 earnings per share. Analysts forecast that NVR, Inc. will post 494.66 EPS for the current fiscal year.

NVR declared that its board has initiated a stock repurchase plan on Wednesday, February 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NVR shares. UBS Group upped their price objective on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th.

Insider Buying and Selling at NVR

In other news, Chairman Paul C. Saville sold 250 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other NVR news, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $813,314,665.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,751,450. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,981 shares of company stock worth $59,155,947. 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.