NVR, Inc. $NVR Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its holdings in NVR, Inc. (NYSE:NVR) by 30.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 169 shares of the construction company’s stock after purchasing an additional 39 shares during the quarter. D.A. Davidson & CO.’s holdings in NVR were worth $1,248,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Ballentine Partners LLC grew its stake in shares of NVR by 6.7% in the first quarter. Ballentine Partners LLC now owns 32 shares of the construction company’s stock worth $232,000 after purchasing an additional 2 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of NVR by 4.2% in the first quarter. Baird Financial Group Inc. now owns 50 shares of the construction company’s stock worth $362,000 after purchasing an additional 2 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of NVR by 0.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company’s stock worth $2,796,000 after purchasing an additional 2 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of NVR by 6.5% in the second quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock worth $244,000 after purchasing an additional 2 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of NVR by 4.2% in the second quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock worth $369,000 after purchasing an additional 2 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of the firm’s stock in a transaction dated 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 sale, the director owned 75 shares of the company’s stock, valued at $606,183. The trade was a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 975 shares of company stock worth $7,869,360. 7.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on NVR shares. Bank of America decreased their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. UBS Group raised their target price on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research note on Thursday. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. raised 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. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8,366.67.

NVR Trading Up 0.1%

NYSE:NVR opened at $7,436.72 on Tuesday. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,527.85. The firm has a market capitalization of $21.34 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 10.04 and a beta of 0.94. The stock has a fifty day simple moving average of $8,008.47 and a 200 day simple moving average of $7,605.78.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the company posted $130.50 EPS. NVR’s revenue for the quarter was down 4.5% on a year-over-year basis. Sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR Company 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.