Sequoia Financial Advisors LLC Boosts Position in NVR, Inc. $NVR

Sequoia Financial Advisors LLC boosted its holdings in shares of NVR, Inc. (NYSE:NVR) by 8.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40 shares of the construction company’s stock after buying an additional 3 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in NVR were worth $295,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Boston Partners raised its position in NVR by 14.0% during the 1st 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 during the last quarter. Principal Financial Group Inc. raised its position in NVR by 5.3% during the 1st quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company’s stock worth $408,236,000 after buying an additional 2,814 shares during the last quarter. JPMorgan Chase & Co. raised its position in NVR by 41.6% during the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock worth $379,639,000 after buying an additional 15,405 shares during the last quarter. Jones Financial Companies Lllp raised its position in NVR by 217,591.3% during the 1st quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock worth $3,758,000 after buying an additional 50,046 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in NVR by 9,358.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock worth $356,277,000 after buying an additional 47,729 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Price Performance

NVR stock opened at $7,701.78 on Thursday. The company’s fifty day moving average price is $8,049.14 and its 200 day moving average price is $7,584.15. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,573.04. The stock has a market capitalization of $22.10 billion, a P/E ratio of 16.26, a P/E/G ratio of 10.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the company earned $130.50 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, equities research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group raised their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Bank of America dropped their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of 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 analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8,250.00.

Insider Activity at NVR

In related news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the sale, the director owned 386 shares of the company’s stock, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the transaction, the director owned 75 shares in the company, valued at $606,183. The trade was a 72.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 975 shares of company stock valued at $7,869,360. 7.00% of the stock is owned by company 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.