Obermeyer Wood Investment Counsel Lllp Sells 211 Shares of NVR, Inc. (NYSE:NVR)

Obermeyer Wood Investment Counsel Lllp decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,786 shares of the construction company’s stock after selling 211 shares during the quarter. NVR comprises approximately 2.3% of Obermeyer Wood Investment Counsel Lllp’s portfolio, making the stock its 16th biggest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in NVR were worth $33,504,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of NVR by 2.1% in the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock worth $2,137,259,000 after purchasing an additional 7,516 shares during the period. International Assets Investment Management LLC increased its stake in NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after acquiring an additional 237,977 shares during the last quarter. BlackRock Inc. increased its stake in NVR by 3.1% in the first quarter. BlackRock Inc. now owns 237,114 shares of the construction company’s stock valued at $1,321,244,000 after acquiring an additional 7,074 shares during the last quarter. State Street Corp increased its stake in NVR by 1.4% in the first quarter. State Street Corp now owns 127,146 shares of the construction company’s stock valued at $708,482,000 after acquiring an additional 1,761 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in NVR by 2.2% in the first quarter. Geode Capital Management LLC now owns 68,344 shares of the construction company’s stock valued at $380,034,000 after acquiring an additional 1,494 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th.

NVR Price Performance

NVR traded up $32.32 during trading on Thursday, reaching $7,702.26. The stock had a trading volume of 21,476 shares, compared to its average volume of 18,917. The business has a 50-day moving average of $7,704.09 and a 200-day moving average of $6,897.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. NVR, Inc. has a one year low of $5,210.49 and a one year high of $8,211.40. The stock has a market cap of $24.65 billion, a PE ratio of 16.56, a PEG ratio of 2.79 and a beta of 1.13.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $121.50 by $0.06. NVR had a net margin of 17.09% and a return on equity of 38.50%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the business posted $133.44 earnings per share. The company’s revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts anticipate that NVR, Inc. will post 497.8 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 14th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 250 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the sale, the director now directly owns 405 shares in the company, valued at $2,974,700.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Susan Williamson Ross sold 250 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the sale, the director now directly owns 405 shares in the company, valued at $2,974,700.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,684,750. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock worth $59,155,947 over the last three months. 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.