Leavell Investment Management Inc. Trims Holdings in NVR, Inc. $NVR

Leavell Investment Management Inc. reduced its holdings in shares of NVR, Inc. (NYSE:NVR) by 72.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56 shares of the construction company’s stock after selling 150 shares during the period. Leavell Investment Management Inc.’s holdings in NVR were worth $450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVR. Fifth Third Bancorp lifted its holdings in shares of NVR by 6.5% during the second quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock valued at $244,000 after purchasing an additional 2 shares during the last quarter. QRG Capital Management Inc. increased its position in NVR by 4.2% during the 2nd quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock valued at $369,000 after buying an additional 2 shares in the last quarter. Evergreen Wealth Management LLC increased its position in NVR by 1.9% during the 2nd quarter. Evergreen Wealth Management LLC now owns 109 shares of the construction company’s stock valued at $801,000 after buying an additional 2 shares in the last quarter. Assetmark Inc. raised its stake in NVR by 50.0% during the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after buying an additional 2 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of NVR by 25.0% in the second quarter. Parkside Financial Bank & Trust now owns 10 shares of the construction company’s stock worth $74,000 after acquiring an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity

In other news, Director Michael J. Devito bought 14 shares of the stock in a transaction dated Monday, November 3rd. The stock was purchased at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the transaction, the director owned 14 shares of the company’s stock, valued at $98,952.70. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.80% of the stock is owned by company insiders.

NVR Trading Down 1.0%

Shares of NVR stock opened at $7,547.55 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.16 and a current ratio of 5.96. The stock has a fifty day simple moving average of $7,415.12 and a two-hundred day simple moving average of $7,689.70. The firm has a market capitalization of $21.44 billion, a PE ratio of 16.57, a PEG ratio of 10.26 and a beta of 1.01. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $8,618.28.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NVR. Wall Street Zen cut shares of NVR from a “hold” rating to a “sell” rating in a research note on Saturday. BTIG Research initiated coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. 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. Finally, UBS Group dropped 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. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NVR has a consensus rating of “Moderate Buy” and an average 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.