Parallel Advisors LLC Grows Position in NVR, Inc. $NVR

Parallel Advisors LLC raised its position in NVR, Inc. (NYSE:NVR) by 35.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54 shares of the construction company’s stock after purchasing an additional 14 shares during the quarter. Parallel Advisors LLC’s holdings in NVR were worth $399,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NVR. GAMMA Investing LLC raised its holdings in shares of NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company’s stock worth $1,154,589,000 after purchasing an additional 159,358 shares during the period. Siemens Fonds Invest GmbH grew its stake in shares of NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock valued at $468,528,000 after buying an additional 57,236 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of NVR by 217,591.3% in the first quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock valued at $3,758,000 after buying an additional 50,046 shares in the last quarter. Nuveen LLC acquired a new stake in shares of NVR in the first quarter valued at about $334,981,000. Finally, JPMorgan Chase & Co. grew its stake in shares of NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock valued at $379,639,000 after buying an additional 15,405 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Trading Down 0.9%

Shares of NYSE NVR opened at $8,103.91 on Friday. The company has a market cap of $23.26 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 11.25 and a beta of 0.95. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $7,998.04 and its 200 day simple moving average is $7,496.55.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $120.69 EPS. Equities research analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, UBS Group increased their target price on NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8,783.33.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares in the company, valued at approximately $606,183. This trade represents a 72.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 975 shares of company stock valued at $7,869,360. Insiders own 7.00% of the company’s stock.

About NVR

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.