Allspring Global Investments Holdings LLC Has $733,000 Stock Holdings in NVR, Inc. (NYSE:NVR)

Allspring Global Investments Holdings LLC lessened its holdings in NVR, Inc. (NYSE:NVRGet Rating) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184 shares of the construction company’s stock after selling 3 shares during the period. Allspring Global Investments Holdings LLC’s holdings in NVR were worth $733,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NVR. American Century Companies Inc. raised its position in NVR by 4.5% in the first quarter. American Century Companies Inc. now owns 534 shares of the construction company’s stock worth $2,386,000 after purchasing an additional 23 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in NVR by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 438 shares of the construction company’s stock worth $1,957,000 after purchasing an additional 27 shares in the last quarter. Yousif Capital Management LLC raised its position in NVR by 2.1% in the first quarter. Yousif Capital Management LLC now owns 533 shares of the construction company’s stock worth $2,381,000 after purchasing an additional 11 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of NVR by 8.6% during the first quarter. Raymond James Trust N.A. now owns 88 shares of the construction company’s stock worth $393,000 after buying an additional 7 shares in the last quarter. Finally, Prudential PLC acquired a new stake in shares of NVR during the first quarter worth approximately $357,000. Institutional investors and hedge funds own 82.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVR. JPMorgan Chase & Co. raised their price objective on shares of NVR from $4,310.00 to $5,000.00 in a report on Tuesday, November 22nd. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday, December 14th. Bank of America reaffirmed a “buy” rating and set a $4,900.00 price objective on shares of NVR in a report on Tuesday, October 18th. Finally, KeyCorp raised their price objective on shares of NVR from $4,800.00 to $5,120.00 and gave the stock an “overweight” rating in a report on Monday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, NVR has an average rating of “Moderate Buy” and a consensus price target of $4,780.00.

Insider Buying and Selling at NVR

In other NVR news, CFO Daniel David Malzahn sold 1,166 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $4,250.10, for a total value of $4,955,616.60. Following the transaction, the chief financial officer now directly owns 6,554 shares of the company’s stock, valued at $27,855,155.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other NVR news, Director Susan Williamson Ross sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $4,487.78, for a total value of $1,121,945.00. Following the transaction, the director now directly owns 405 shares of the company’s stock, valued at $1,817,550.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Daniel David Malzahn sold 1,166 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $4,250.10, for a total transaction of $4,955,616.60. Following the completion of the transaction, the chief financial officer now directly owns 6,554 shares in the company, valued at $27,855,155.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,067 shares of company stock valued at $13,014,824. 10.60% of the stock is currently owned by insiders.

NVR Stock Performance

Shares of NVR stock opened at $5,024.07 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.70 and a quick ratio of 2.35. The firm has a market cap of $16.06 billion, a P/E ratio of 11.22, a P/E/G ratio of 3.67 and a beta of 0.93. The firm has a 50 day simple moving average of $4,675.67 and a 200 day simple moving average of $4,384.95. NVR, Inc. has a fifty-two week low of $3,576.01 and a fifty-two week high of $5,569.80.

NVR (NYSE:NVRGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The construction company reported $118.51 earnings per share for the quarter, missing analysts’ consensus estimates of $126.50 by ($7.99). The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.49 billion. NVR had a net margin of 16.32% and a return on equity of 54.40%. Sell-side analysts predict that NVR, Inc. will post 463.06 earnings per share for the current fiscal year.

About NVR

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NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the Homebuilding and Mortgage Banking segments. The Homebuilding segment offers single-family detached homes, townhomes, and condominium buildings with many different home designs.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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