Edgestream Partners L.P. Sells 455 Shares of NVR, Inc. (NYSE:NVR)

Edgestream Partners L.P. cut its stake in shares of NVR, Inc. (NYSE:NVR) by 53.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 392 shares of the construction company’s stock after selling 455 shares during the quarter. Edgestream Partners L.P.’s holdings in NVR were worth $3,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC grew its holdings in NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after acquiring an additional 363,004 shares during the last quarter. Smead Capital Management Inc. grew its holdings in NVR by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock worth $355,365,000 after acquiring an additional 1,223 shares during the last quarter. Jennison Associates LLC bought a new stake in NVR during the 3rd quarter worth approximately $348,545,000. Marshfield Associates grew its holdings in NVR by 0.3% during the 2nd quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock worth $248,290,000 after acquiring an additional 96 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in NVR by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock worth $221,595,000 after acquiring an additional 906 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NVR. Bank of America reduced their target price 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. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group boosted their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8,783.33.

Insiders Place Their Bets

In related news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock worth $7,294,073 over the last quarter. 7.00% of the stock is currently owned by company insiders.

NVR Trading Up 0.5 %

NYSE:NVR opened at $9,235.58 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. The firm has a market cap of $28.26 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.98 and a beta of 1.20. NVR, Inc. has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. The firm’s fifty day moving average is $9,395.27 and its 200-day moving average is $8,643.00.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share 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%. NVR’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $125.26 EPS. Equities analysts expect that NVR, Inc. will post 494.48 earnings per share for the current 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.