NVR, Inc. (NYSE:NVR) Position Reduced by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in NVR, Inc. (NYSE:NVR - Free Report) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,659 shares of the construction company's stock after selling 62 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of NVR worth $16,278,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in NVR. Blue Trust Inc. purchased a new position in NVR in the third quarter valued at about $39,000. Assenagon Asset Management S.A. grew its position in shares of NVR by 3,377.8% during the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company's stock worth $19,002,000 after buying an additional 2,432 shares in the last quarter. Jane Street Group LLC increased its stake in shares of NVR by 1,285.4% in the first quarter. Jane Street Group LLC now owns 568 shares of the construction company's stock worth $4,601,000 after buying an additional 527 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of NVR in the third quarter worth $9,341,000. Finally, Cetera Investment Advisers raised its holdings in NVR by 113.0% in the first quarter. Cetera Investment Advisers now owns 196 shares of the construction company's stock valued at $1,588,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on NVR shares. Bank of America decreased their price objective 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. StockNews.com cut NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. UBS Group lifted their target price on NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Seaport Res Ptn lowered NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Four 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 stock presently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

NVR Stock Performance

NYSE NVR traded down $94.95 during trading hours on Thursday, reaching $8,955.01. The company's stock had a trading volume of 15,773 shares, compared to its average volume of 19,349. 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 business has a 50-day simple moving average of $9,366.17 and a 200 day simple moving average of $8,680.17. NVR, Inc. has a 52 week low of $6,330.74 and a 52 week high of $9,964.77. The stock has a market cap of $27.40 billion, a PE ratio of 18.52, a PEG ratio of 1.97 and a beta of 1.18.

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

Insider Buying and Selling at NVR

In other news, Director David A. Preiser sold 250 shares of NVR 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 transaction of $2,325,660.00. Following the sale, the director now owns 239 shares of the company's stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 208 shares of the company's stock, valued at $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by insiders.

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.