Benjamin Edwards Inc. Takes Position in NVR, Inc. (NYSE:NVR)

Benjamin Edwards Inc. acquired a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 113 shares of the construction company's stock, valued at approximately $1,109,000.

Several other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company's stock worth $3,562,046,000 after acquiring an additional 363,004 shares in the last quarter. Jennison Associates LLC bought a new position in shares of NVR during the third quarter valued at approximately $348,545,000. Mizuho Securities USA LLC increased its holdings in NVR by 6,454.8% during the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company's stock valued at $162,071,000 after buying an additional 16,266 shares during the period. TD Asset Management Inc increased its holdings in NVR by 143.8% during the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company's stock valued at $182,277,000 after buying an additional 14,167 shares during the period. Finally, Epoch Investment Partners Inc. raised its stake in NVR by 56.0% in the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company's stock worth $172,109,000 after buying an additional 8,140 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

Insiders Place Their Bets

In other news, Director David A. Preiser sold 250 shares of the company's 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 value 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 775 shares of company stock worth $7,294,073. Corporate insiders own 7.00% of the company's stock.

NVR Price Performance

NVR stock traded down $8.68 during mid-day trading on Friday, reaching $8,946.33. 21,527 shares of the company's stock were exchanged, compared to its average volume of 20,525. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR, Inc. has a 12-month low of $6,330.74 and a 12-month high of $9,964.77. The stock's 50 day moving average is $9,337.83 and its 200 day moving average is $8,698.32. The company has a market cap of $27.38 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

NVR (NYSE:NVR - Get Free Report) last announced its 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 during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the business earned $125.26 EPS. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts expect that NVR, Inc. will post 494.48 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Bank of America decreased their price target on NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. UBS Group raised their price target 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 lowered shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock 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.