NVR, Inc. $NVR Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its position in NVR, Inc. (NYSE:NVR) by 64.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140 shares of the construction company’s stock after selling 250 shares during the period. Y Intercept Hong Kong Ltd’s holdings in NVR were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners lifted its position in NVR by 14.0% in the first quarter. Boston Partners now owns 59,077 shares of the construction company’s stock valued at $427,962,000 after purchasing an additional 7,233 shares during the period. JPMorgan Chase & Co. lifted its position in 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 purchasing an additional 15,405 shares during the period. Jones Financial Companies Lllp lifted its position in 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 purchasing an additional 50,046 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in NVR by 9,358.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock valued at $356,277,000 after purchasing an additional 47,729 shares during the period. Finally, Wellington Management Group LLP lifted its position in NVR by 7.5% in the first quarter. Wellington Management Group LLP now owns 47,995 shares of the construction company’s stock valued at $347,694,000 after purchasing an additional 3,363 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NVR. Bank of America reduced their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Wall Street Zen downgraded shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group lifted their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8,366.67.

NVR Trading Down 2.1%

Shares of NVR stock opened at $7,061.37 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,527.85. The company has a market capitalization of $20.27 billion, a P/E ratio of 15.50, a P/E/G ratio of 9.94 and a beta of 0.94. The business has a 50 day moving average price of $7,923.20 and a 200 day moving average price of $7,612.59.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the firm posted $130.50 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. Sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction that occurred on Wednesday, August 13th. The shares were 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 directly owned 208 shares of the company’s stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of NVR 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 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. The trade was a 72.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 850 shares of company stock valued at $6,888,075 over the last 90 days. 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.