Brooklyn Investment Group Makes New Investment in NVR, Inc. (NYSE:NVR)

Brooklyn Investment Group bought a new position in NVR, Inc. (NYSE:NVR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14 shares of the construction company’s stock, valued at approximately $137,000.

Other large investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its holdings in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after purchasing an additional 2 shares in the last quarter. Blue Trust Inc. bought a new position in NVR in the third quarter worth about $39,000. Rakuten Securities Inc. bought a new position in NVR in the third quarter worth about $39,000. Redwood Wealth Management Group LLC bought a new position in NVR in the second quarter worth about $46,000. Finally, Private Trust Co. NA increased its holdings in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director David A. Preiser sold 250 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value 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 approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock worth $7,294,073 in the last quarter. Corporate insiders own 7.00% of the company’s stock.

NVR Trading Down 0.3 %

NVR stock opened at $9,193.62 on Thursday. NVR, Inc. has a 12 month low of $6,052.58 and a 12 month high of $9,964.77. The firm has a market cap of $28.13 billion, a PE ratio of 18.79, a P/E/G ratio of 1.99 and a beta of 1.20. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $9,415.14 and its two-hundred day simple moving average is $8,623.43.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the business earned $125.26 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NVR shares. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group upped their price objective on shares of 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 downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, Bank of America cut their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average price target of $8,783.33.

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.