Mackenzie Financial Corp lowered its stake in NVR, Inc. (NYSE:NVR – Free Report) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,293 shares of the construction company’s stock after selling 117 shares during the quarter. Mackenzie Financial Corp’s holdings in NVR were worth $9,052,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. First Pacific Financial bought a new stake in shares of NVR during the 3rd quarter valued at about $30,000. Clear Street Markets LLC boosted its position in shares of NVR by 133.3% during the 1st quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock valued at $39,000 after acquiring an additional 4 shares during the last quarter. Allworth Financial LP boosted its position in shares of NVR by 100.0% during the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after acquiring an additional 4 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of NVR during the 2nd quarter valued at about $64,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of NVR during the 3rd quarter valued at about $78,000. Institutional investors own 83.67% of the company’s stock.
NVR Stock Performance
NYSE:NVR opened at $7,685.00 on Friday. The business has a 50 day moving average of $7,713.46 and a 200 day moving average of $6,915.29. The company has a market capitalization of $24.59 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 2.80 and a beta of 1.13. NVR, Inc. has a 1-year low of $5,210.49 and a 1-year high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90.
NVR declared that its Board of Directors has approved a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Analysts Set New Price Targets
Separately, StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th.
Read Our Latest Stock Analysis on NVR
Insider Buying and Selling
In related news, Chairman Paul C. Saville sold 250 shares of the business’s 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 owns 106,860 shares in the company, valued at approximately $813,314,665.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other NVR news, Chairman Paul C. Saville sold 500 shares of NVR stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $7,392.07, for a total value of $3,696,035.00. Following the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $789,916,600.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Paul C. Saville sold 250 shares of NVR 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 transaction, the chairman now directly owns 106,860 shares in the company, valued at $813,314,665.80. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock worth $59,155,947 in the last quarter. 7.00% of the stock is 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.
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