Summit Global Investments Buys 26 Shares of NVR, Inc. (NYSE:NVR)

Summit Global Investments lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 943 shares of the construction company’s stock after acquiring an additional 26 shares during the period. Summit Global Investments’ holdings in NVR were worth $9,253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Massmutual Trust Co. FSB ADV lifted its holdings in shares of NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new position in NVR during the 3rd quarter worth approximately $39,000. Redwood Wealth Management Group LLC bought a new position in shares of NVR during the 2nd quarter worth approximately $46,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of NVR in the second quarter worth $53,000. Finally, UMB Bank n.a. boosted its holdings in NVR by 57.1% during the second quarter. UMB Bank n.a. now owns 11 shares of the construction company’s stock worth $83,000 after purchasing an additional 4 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NVR. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America dropped their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, UBS Group raised their price target on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd.

NVR Stock Performance

Shares of NVR stock opened at $9,221.23 on Friday. The stock has a market cap of $28.40 billion, a P/E ratio of 18.85, a P/E/G ratio of 1.98 and a beta of 1.20. The company has a fifty day moving average price of $9,437.71 and a two-hundred day moving average price of $8,477.58. NVR, Inc. has a one year low of $5,818.01 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $125.26 EPS. As a group, equities analysts predict that NVR, Inc. will post 496.62 EPS for the current year.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the sale, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

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.