Montgomery Investment Management Inc. Cuts Stock Position in NVR, Inc. (NYSE:NVR)

Montgomery Investment Management Inc. cut its position in NVR, Inc. (NYSE:NVR) by 1.8% during the 4th quarter, HoldingsChannel reports. The firm owned 1,610 shares of the construction company’s stock after selling 30 shares during the quarter. NVR makes up about 5.2% of Montgomery Investment Management Inc.’s investment portfolio, making the stock its 6th largest position. Montgomery Investment Management Inc.’s holdings in NVR were worth $13,168,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in NVR by 13.3% in the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock valued at $167,000 after purchasing an additional 2 shares during the last quarter. IFM Investors Pty Ltd lifted its position in NVR by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock valued at $5,917,000 after purchasing an additional 2 shares during the last quarter. Metis Global Partners LLC lifted its position in NVR by 1.8% in the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after purchasing an additional 2 shares during the last quarter. Private Trust Co. NA raised its position in shares of NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares in the last quarter. Finally, Crestmont Private Wealth LLC raised its position in shares of NVR by 3.9% during the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock worth $433,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Performance

Shares of NVR opened at $7,775.53 on Wednesday. The firm’s 50 day moving average is $8,379.39 and its 200-day moving average is $8,878.34. The stock has a market capitalization of $23.79 billion, a P/E ratio of 15.32, a P/E/G ratio of 2.60 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR, Inc. has a 12-month low of $7,166.90 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last released its earnings results 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 net margin of 16.34% and a return on equity of 39.58%. Equities research analysts anticipate that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in 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 usually an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

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

Insider Transactions at NVR

In other news, Director David A. Preiser sold 250 shares of NVR 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 value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.00% of the stock is currently owned by insiders.

NVR 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.