Davis R M Inc. Lowers Stock Holdings in NVR, Inc. (NYSE:NVR)

Davis R M Inc. lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 28.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27 shares of the construction company’s stock after selling 11 shares during the quarter. Davis R M Inc.’s holdings in NVR were worth $265,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC raised its position in NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after buying an additional 363,004 shares during the last quarter. Jennison Associates LLC purchased a new position in NVR during the third quarter worth about $348,545,000. Mizuho Securities USA LLC lifted its position in NVR by 6,454.8% in the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after purchasing an additional 16,266 shares during the period. TD Asset Management Inc boosted its holdings in NVR by 143.8% in the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock valued at $182,277,000 after purchasing an additional 14,167 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its position in NVR by 56.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock worth $172,109,000 after purchasing an additional 8,140 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Price Performance

NYSE:NVR opened at $9,295.91 on Tuesday. The firm has a market cap of $28.45 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. NVR, Inc. has a 12-month low of $6,052.58 and a 12-month high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average is $9,420.06 and its two-hundred day moving average is $8,612.27.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $125.26 EPS. Research analysts expect that NVR, Inc. will post 494.48 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on NVR. Bank of America reduced their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. UBS Group boosted their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a report 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8,783.33.

Insider Activity at NVR

In related news, Director David A. Preiser sold 250 shares of the company’s 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 transaction of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775 shares of company stock worth $7,294,073. 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.