Bank Julius Baer & Co. Ltd Zurich Sells 116 Shares of NVR, Inc. $NVR

Bank Julius Baer & Co. Ltd Zurich cut its stake in shares of NVR, Inc. (NYSE:NVR) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 856 shares of the construction company’s stock after selling 116 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in NVR were worth $6,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners lifted its position in NVR by 9.8% in the second quarter. Boston Partners now owns 64,872 shares of the construction company’s stock valued at $479,309,000 after purchasing an additional 5,795 shares during the last quarter. JPMorgan Chase & Co. increased 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 worth $379,639,000 after buying an additional 15,405 shares during the period. Jones Financial Companies Lllp raised its holdings 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 valued at $3,758,000 after buying an additional 50,046 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted 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 valued at $356,277,000 after buying an additional 47,729 shares during the period. Finally, Wellington Management Group LLP boosted its position in NVR by 7.5% during the 1st quarter. Wellington Management Group LLP now owns 47,995 shares of the construction company’s stock valued at $347,694,000 after buying an additional 3,363 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVR

In other news, Director Michael J. Devito acquired 14 shares of the stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the transaction, the director owned 14 shares of the company’s stock, valued at $98,952.70. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of the business’s stock in a transaction 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 sale, the director 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 is available in the SEC filing. 7.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. UBS Group boosted their price target on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Bank of America lowered their price target on 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average target price of $8,366.67.

NVR Price Performance

NVR stock opened at $7,382.18 on Friday. 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 $9,376.75. The firm has a 50-day moving average of $7,630.14 and a 200 day moving average of $7,616.58. The company has a market cap of $20.96 billion, a P/E ratio of 16.20, a PEG ratio of 9.94 and a beta of 0.93.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping 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 firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the business earned $130.50 EPS. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, sell-side analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

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.