Chevy Chase Trust Holdings LLC Decreases Position in NVR, Inc. (NYSE:NVR)

Chevy Chase Trust Holdings LLC trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 3.6% during the third quarter, Holdings Channel reports. The firm owned 1,659 shares of the construction company’s stock after selling 62 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in NVR were worth $16,278,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NVR. International Assets Investment Management LLC boosted its position in NVR by 1,100,012.1% during the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after purchasing an additional 363,004 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of NVR in the third quarter valued at $348,545,000. Mizuho Securities USA LLC lifted its position in shares of NVR by 6,454.8% in the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after acquiring an additional 16,266 shares in the last quarter. TD Asset Management Inc lifted its position in shares of NVR by 143.8% in the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock valued at $182,277,000 after acquiring an additional 14,167 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in shares of NVR by 56.0% in the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after acquiring an additional 8,140 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on NVR shares. Bank of America reduced their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, UBS Group upped their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, NVR has an average rating of “Hold” and a consensus target price of $8,783.33.

NVR Stock Performance

NVR stock opened at $9,061.30 on Thursday. The firm has a market capitalization of $27.76 billion, a P/E ratio of 18.75, a PEG ratio of 1.97 and a beta of 1.18. The stock has a fifty day moving average price of $9,375.28 and a 200 day moving average price of $8,677.48. NVR, Inc. has a 52 week low of $6,330.74 and a 52 week high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last released its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The business had revenue of $2.68 billion during 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 quarter in the previous year, the company posted $125.26 earnings per share. Equities research analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current year.

Insiders Place Their Bets

In other NVR news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 239 shares in the company, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $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 sold 775 shares of company stock worth $7,294,073 over the last three months. 7.00% of the stock is owned by insiders.

NVR 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.