Ballentine Partners LLC Raises Stock Holdings in NVR, Inc. $NVR

Ballentine Partners LLC increased its stake in shares of NVR, Inc. (NYSE:NVR) by 25.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40 shares of the construction company’s stock after purchasing an additional 8 shares during the quarter. Ballentine Partners LLC’s holdings in NVR were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners grew its holdings in shares of NVR by 14.0% during the first quarter. Boston Partners now owns 59,077 shares of the construction company’s stock worth $427,962,000 after buying an additional 7,233 shares in the last quarter. Principal Financial Group Inc. boosted its position in NVR by 5.3% during the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company’s stock worth $408,236,000 after acquiring an additional 2,814 shares during the last quarter. JPMorgan Chase & Co. boosted its position in NVR by 41.6% during the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock worth $379,639,000 after acquiring an additional 15,405 shares during the last quarter. Jones Financial Companies Lllp grew its stake in NVR by 217,591.3% in the 1st quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock worth $3,758,000 after acquiring an additional 50,046 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in NVR by 9,358.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock valued at $356,277,000 after acquiring an additional 47,729 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on NVR shares. UBS Group increased their price target on NVR from $7,900.00 to $8,150.00 and gave the stock 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 report on Saturday, August 9th. Finally, JPMorgan Chase & Co. raised their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NVR has an average rating of “Hold” and an average price target of $8,783.33.

NVR Price Performance

Shares of NVR stock opened at $8,041.67 on Monday. The business’s fifty day moving average price is $8,053.15 and its 200 day moving average price is $7,518.70. NVR, Inc. has a twelve month low of $6,562.85 and a twelve 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 has a market capitalization of $23.08 billion, a P/E ratio of 16.97, a PEG ratio of 11.17 and a beta of 0.95.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping analysts’ consensus estimates of $104.89 by $3.65. The company 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 company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business posted $120.69 EPS. As a group, research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares of the company’s stock, valued at $606,183. This trade represents a 72.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock valued at $7,869,360 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

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.