Quarry LP Acquires Shares of 52 NVR, Inc. (NYSE:NVR)

Quarry LP purchased a new position in NVR, Inc. (NYSE:NVR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 52 shares of the construction company’s stock, valued at approximately $510,000.

Other large investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in shares of NVR by 100.0% in the 3rd 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 during the last quarter. Blue Trust Inc. purchased a new position in shares of NVR in the 3rd quarter worth about $39,000. Rakuten Securities Inc. purchased a new position in shares of NVR in the 3rd quarter worth about $39,000. Private Trust Co. NA raised its position in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares during the last quarter. Finally, Redwood Wealth Management Group LLC purchased a new position in shares of NVR in the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In related 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the company’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 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 trade represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 775 shares of company stock valued at $7,294,073. Company insiders own 7.00% of the company’s stock.

NVR Stock Down 1.0 %

NVR stock opened at $8,955.01 on Friday. The stock has a market cap of $27.40 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. 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 one year low of $6,330.74 and a one year high of $9,964.77. The stock has a fifty day moving average of $9,366.17 and a 200 day moving average of $8,680.17.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the firm posted $125.26 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, sell-side analysts predict that NVR, Inc. will post 494.48 EPS for the current year.

Analysts Set New Price Targets

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

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.