Quest Partners LLC Has $2.80 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Quest Partners LLC trimmed its position in NVR, Inc. (NYSE:NVR) by 4.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285 shares of the construction company’s stock after selling 12 shares during the period. Quest Partners LLC’s holdings in NVR were worth $2,796,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its stake in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares during the period. Blue Trust Inc. bought a new stake in NVR during the 3rd quarter valued at $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR during the third quarter worth about $39,000. Redwood Wealth Management Group LLC purchased a new stake in shares of NVR in the second quarter worth approximately $46,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of NVR in the second quarter worth approximately $53,000. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Stock Performance

NYSE:NVR opened at $9,026.00 on Monday. The business’s fifty day moving average is $9,444.50 and its 200 day moving average is $8,552.93. The firm has a market cap of $27.66 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.94 and a beta of 1.20. 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 52-week low of $6,052.58 and a 52-week high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly 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 firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $125.26 earnings per share. Research analysts predict that NVR, Inc. will post 494.48 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. This trade represents a 35.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 value of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 over the last 90 days. Insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the topic of several recent analyst reports. Bank of America dropped their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. UBS Group upped their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note 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. Based on data from MarketBeat, NVR has a consensus rating of “Hold” and a consensus 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.