Intech Investment Management LLC Acquires New Holdings in NVR, Inc. (NYSE:NVR)

Intech Investment Management LLC purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 952 shares of the construction company's stock, valued at approximately $9,341,000.

Other hedge funds have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its holdings 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 buying an additional 2 shares during the period. Blue Trust Inc. purchased a new position in NVR in the third quarter valued at approximately $39,000. Rakuten Securities Inc. purchased a new position in NVR in the third quarter valued at approximately $39,000. Redwood Wealth Management Group LLC purchased a new position in NVR in the second quarter valued at approximately $46,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of NVR during the second quarter valued at approximately $53,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Transactions at NVR

In other NVR news, Director David A. Preiser sold 250 shares of NVR stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the business's stock in a transaction 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 transaction, the chief accounting officer now directly owns 208 shares of the company's stock, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their position. 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. 7.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NVR shares. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. UBS Group lifted their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a research note 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, Bank of America dropped their price objective on shares of 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. 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, the company has a consensus rating of "Hold" and an average price target of $8,783.33.

NVR Stock Up 0.7 %

Shares of NVR stock traded up $60.71 during mid-day trading on Friday, reaching $9,007.24. 23,517 shares of the company were exchanged, compared to its average volume of 19,275. NVR, Inc. has a fifty-two week low of $6,052.58 and a fifty-two week high of $9,964.77. 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 company has a market capitalization of $27.60 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.92 and a beta of 1.20. The business's 50 day simple moving average is $9,422.94 and its 200 day simple moving average is $8,587.74.

NVR (NYSE:NVR - Get Free Report) last released its quarterly 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). NVR had a return on equity of 38.20% and a net margin of 16.51%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the business posted $125.26 EPS. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. Research analysts predict 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.