Intech Investment Management LLC Takes Position in NVR, Inc. (NYSE:NVR)

Intech Investment Management LLC purchased a new position in NVR, Inc. (NYSE:NVR) during the third quarter, Holdings Channel reports. The firm purchased 952 shares of the construction company’s stock, valued at approximately $9,341,000.

A number of other hedge funds also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its stake in NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of NVR during the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. acquired a new stake in shares of NVR during the 3rd quarter worth approximately $39,000. Redwood Wealth Management Group LLC bought a new position in NVR in the second quarter valued at approximately $46,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in NVR in the second quarter valued at approximately $53,000. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at $1,965,600. This trade represents a 65.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock worth $7,294,073 in the last ninety days. Company insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

NVR has been the topic of a number of research analyst reports. UBS Group raised their target price on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Bank of America lowered their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8,783.33.

NVR Stock Down 0.1 %

Shares of NVR opened at $8,990.56 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR, Inc. has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. The stock has a market capitalization of $27.55 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.92 and a beta of 1.20. The stock has a fifty day moving average of $9,430.19 and a 200-day moving average of $8,578.14.

NVR (NYSE:NVR) last announced 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 firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $125.26 earnings per share. As a group, sell-side analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

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.