The Manufacturers Life Insurance Company reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 75.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,551 shares of the construction company’s stock after selling 51,260 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in NVR were worth $58,065,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its stake in NVR by 47.4% during the fourth quarter. Acadian Asset Management LLC now owns 48,238 shares of the construction company’s stock worth $169,231,000 after acquiring an additional 15,512 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in NVR by 2.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 43,462 shares of the construction company’s stock worth $124,087,000 after acquiring an additional 1,028 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in NVR by 1.9% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 36,855 shares of the construction company’s stock worth $129,295,000 after acquiring an additional 695 shares in the last quarter. Capital Growth Management LP raised its stake in NVR by 70.0% during the third quarter. Capital Growth Management LP now owns 32,300 shares of the construction company’s stock worth $92,216,000 after acquiring an additional 13,300 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in NVR by 12.6% during the third quarter. Russell Investments Group Ltd. now owns 31,939 shares of the construction company’s stock worth $91,142,000 after acquiring an additional 3,583 shares in the last quarter. Hedge funds and other institutional investors own 79.33% of the company’s stock.
In other news, Director Eddie Arthur Grier sold 400 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $2,968.07, for a total value of $1,187,228.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.30% of the company’s stock.
Shares of NVR, Inc. (NVR) opened at $3,208.23 on Friday. NVR, Inc. has a 12 month low of $1,876.27 and a 12 month high of $3,700.00. The firm has a market capitalization of $11,816.23, a price-to-earnings ratio of 25.22, a PEG ratio of 1.12 and a beta of 0.54. The company has a quick ratio of 1.67, a current ratio of 3.62 and a debt-to-equity ratio of 0.37.
NVR (NYSE:NVR) last announced its earnings results on Thursday, January 25th. The construction company reported $43.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $48.95 by ($5.54). NVR had a net margin of 8.70% and a return on equity of 38.72%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $37.80 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. sell-side analysts predict that NVR, Inc. will post 188.66 EPS for the current year.
NVR announced that its Board of Directors has authorized a share buyback plan on Tuesday, December 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
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NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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