NVR, Inc. (NYSE:NVR) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 66.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 358 shares of the construction company's stock after purchasing an additional 143 shares during the period. Cerity Partners LLC's holdings in NVR were worth $3,513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Drive Wealth Management LLC lifted its holdings in NVR by 7.7% during the second quarter. Drive Wealth Management LLC now owns 28 shares of the construction company's stock worth $212,000 after buying an additional 2 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of NVR by 0.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company's stock worth $2,383,000 after purchasing an additional 2 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in NVR by 8.7% during the second quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company's stock valued at $190,000 after purchasing an additional 2 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in NVR by 100.0% during the third 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 in the last quarter. Finally, GAMMA Investing LLC grew its stake in NVR by 13.3% in the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock valued at $167,000 after purchasing an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on NVR. Seaport Res Ptn lowered shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. StockNews.com cut shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Bank of America cut their price target on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Finally, UBS Group increased their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, NVR currently has an average rating of "Hold" and a consensus target price of $8,783.33.

NVR Stock Performance

Shares of NYSE NVR traded up $41.96 during midday trading on Friday, reaching $9,235.58. The company had a trading volume of 13,607 shares, compared to its average volume of 19,361. NVR, Inc. has a 1 year low of $6,052.58 and a 1 year high of $9,964.77. The business's 50-day simple moving average is $9,395.27 and its 200 day simple moving average is $8,643.00. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The stock has a market cap of $28.30 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.97 and a beta of 1.20.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Tuesday, October 22nd. The construction company reported $130.50 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 firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the firm earned $125.26 EPS. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts forecast that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David A. Preiser sold 250 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 239 shares of the company's stock, valued at $2,223,330.96. This trade 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 this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the business'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 completion of the transaction, the chief accounting officer now directly owns 208 shares of the company's stock, valued at $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock valued at $7,294,073 in the last ninety days. Insiders own 7.00% of the company's stock.

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.