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Nisa Investment Advisors LLC Sells 179 Shares of NVR, Inc. $NVR
Nisa Investment Advisors LLC reduced its stake in NVR, Inc. by 28.6% in the fourth quarter, selling 179 shares and retaining 446 shares valued at approximately $3.25 million. Despite a 5.2% year-over-year revenue decline, NVR exceeded quarterly earnings and revenue estimates, prompting its board to approve a $750 million share buyback. Insider selling and a “Hold” consensus rating from analysts indicate a cautious outlook for the construction company.