Bristlecone Advisors LLC Sells 6 Shares of NVR, Inc. (NYSE:NVR)

Bristlecone Advisors LLC lessened its stake in NVR, Inc. (NYSE:NVR) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 69 shares of the construction company’s stock after selling 6 shares during the quarter. Bristlecone Advisors LLC’s holdings in NVR were worth $564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVR. Cetera Investment Advisers increased its holdings in NVR by 44.9% in the second quarter. Cetera Investment Advisers now owns 284 shares of the construction company’s stock valued at $2,155,000 after purchasing an additional 88 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in NVR in the second quarter valued at about $689,000. CWM LLC grew its stake in NVR by 40.0% in the third quarter. CWM LLC now owns 21 shares of the construction company’s stock valued at $206,000 after acquiring an additional 6 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in NVR by 200.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15 shares of the construction company’s stock valued at $147,000 after acquiring an additional 10 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in NVR by 13.3% in the third quarter. Exchange Traded Concepts LLC now owns 34 shares of the construction company’s stock valued at $334,000 after acquiring an additional 4 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Stock Down 0.7 %

NVR stock opened at $7,508.01 on Tuesday. 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 stock has a market capitalization of $23.00 billion, a P/E ratio of 14.79, a P/E/G ratio of 2.51 and a beta of 1.20. The business has a 50-day moving average of $8,255.24 and a 200-day moving average of $8,853.62. NVR, Inc. has a fifty-two week low of $7,227.09 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. On average, sell-side analysts anticipate that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NVR. JPMorgan Chase & Co. decreased their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. UBS Group boosted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, Bank of America reduced their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

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.