Conway Capital Management Inc. Purchases Shares of 61 NVR, Inc. (NYSE:NVR)

Conway Capital Management Inc. acquired a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61 shares of the construction company's stock, valued at approximately $599,000.

Several other hedge funds have also bought and sold shares of the business. Drive Wealth Management LLC grew its stake in shares of NVR by 7.7% in the 2nd 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 last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of NVR by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company's stock worth $2,383,000 after acquiring an additional 2 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of NVR by 8.7% in the second quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company's stock worth $190,000 after acquiring an additional 2 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of 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 acquiring an additional 2 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of NVR by 13.3% in the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock worth $167,000 after purchasing an additional 2 shares during the last quarter. Institutional investors own 83.67% of the company's stock.

NVR Stock Performance

Shares of NYSE NVR traded down $266.39 during trading on Tuesday, reaching $8,853.62. 20,739 shares of the company traded hands, compared to its average volume of 19,362. The firm has a 50 day simple moving average of $9,303.09 and a 200-day simple moving average of $8,729.30. NVR, Inc. has a 52-week low of $6,452.58 and a 52-week high of $9,964.77. The stock has a market capitalization of $27.09 billion, a PE ratio of 18.10, a P/E/G ratio of 1.92 and a beta of 1.18. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in 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. Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Bank of America lowered their price objective on NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. Finally, 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 report on Wednesday, October 23rd.

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of NVR 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 transaction of $2,325,660.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company's stock, valued at $2,186,679. The trade was a 35.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 over the last 90 days. Company insiders own 7.00% of the company's stock.

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.