Nisa Investment Advisors LLC Trims Stock Position in NVR, Inc. $NVR

Nisa Investment Advisors LLC trimmed its holdings in NVR, Inc. (NYSE:NVR) by 21.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 625 shares of the construction company’s stock after selling 175 shares during the period. Nisa Investment Advisors LLC’s holdings in NVR were worth $5,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new stake in shares of NVR during the 2nd quarter worth about $30,000. Blue Trust Inc. raised its stake in shares of NVR by 150.0% in the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after acquiring an additional 3 shares during the period. Assetmark Inc. raised its stake in shares of NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after acquiring an additional 2 shares during the period. State of Wyoming acquired a new position in shares of NVR in the 2nd quarter worth approximately $44,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of NVR during the 2nd quarter worth approximately $59,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR opened at $7,564.87 on Monday. The firm has a market capitalization of $21.48 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 10.29 and a beta of 1.01. The firm’s fifty day simple moving average is $7,367.44 and its 200-day simple moving average is $7,686.68. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $8,618.28. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, beating the consensus estimate of $107.88 by $4.45. NVR had a return on equity of 35.89% and a net margin of 14.00%.The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the company posted $130.50 earnings per share. NVR’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Insider Activity at NVR

In other NVR news, Director Michael J. Devito bought 14 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the transaction, the director owned 14 shares of the company’s stock, valued at approximately $98,952.70. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on NVR shares. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. UBS Group cut their price objective on NVR from $8,500.00 to $8,150.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Bank of America decreased their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, BTIG Research initiated coverage on NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8,443.00.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.