IHT Wealth Management LLC Has $510,000 Stock Position in NVR, Inc. (NYSE:NVR)

IHT Wealth Management LLC lowered its position in shares of NVR, Inc. (NYSE:NVR) by 16.1% during the third quarter, Holdings Channel reports. The fund owned 52 shares of the construction company’s stock after selling 10 shares during the quarter. IHT Wealth Management LLC’s holdings in NVR were worth $510,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NVR. Massmutual Trust Co. FSB ADV raised its stake in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares during the period. Blue Trust Inc. acquired a new position in NVR during the third quarter valued at $39,000. Rakuten Securities Inc. purchased a new stake in NVR in the 3rd quarter worth about $39,000. Redwood Wealth Management Group LLC acquired a new stake in NVR during the 2nd quarter worth about $46,000. Finally, Private Trust Co. NA grew its stake in NVR by 66.7% during the 3rd 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. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Bank of America decreased their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company 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. UBS Group increased their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

NVR Stock Performance

NVR stock opened at $8,946.33 on Monday. The firm has a 50 day moving average of $9,337.83 and a two-hundred day moving average of $8,707.05. NVR, Inc. has a 12 month low of $6,330.74 and a 12 month high of $9,964.77. The company has a market capitalization of $27.41 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.94 and a beta of 1.18. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last issued its quarterly earnings data 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 return on equity of 38.20% and a net margin of 16.51%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company posted $125.26 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts anticipate that NVR, Inc. will post 494.48 EPS for the current fiscal year.

Insider Activity

In other NVR news, 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 208 shares in the company, 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. In the last quarter, insiders have sold 775 shares of company stock valued at $7,294,073. Insiders own 7.00% of the company’s stock.

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.