Diamond Hill Capital Management Inc. Reduces Stock Holdings in NVR, Inc. (NYSE:NVR)

Diamond Hill Capital Management Inc. lessened its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 31.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,049 shares of the construction company's stock after selling 17,679 shares during the quarter. NVR makes up 1.5% of Diamond Hill Capital Management Inc.'s holdings, making the stock its 24th largest holding. Diamond Hill Capital Management Inc. owned about 1.27% of NVR worth $383,141,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of NVR. International Assets Investment Management LLC lifted its holdings in shares of NVR by 1,100,012.1% in 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 buying an additional 363,004 shares during the period. TD Asset Management Inc increased its position in NVR by 143.8% during the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company's stock valued at $182,277,000 after purchasing an additional 14,167 shares during the period. Acadian Asset Management LLC raised its holdings in shares of NVR by 321.1% in the 1st quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company's stock valued at $116,389,000 after purchasing an additional 10,958 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of NVR by 98.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company's stock valued at $141,498,000 after purchasing an additional 8,684 shares in the last quarter. 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. Hedge funds and other institutional investors own 83.67% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group lifted their price target on NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Bank of America lowered their target price on shares of 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. Finally, StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research report on Thursday.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of NVR 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 owns 208 shares in the company, valued at approximately $1,965,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Matthew B. Kelpy sold 400 shares of the company's stock in a transaction 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 owns 208 shares in the company, valued at approximately $1,965,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the firm's stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company's stock.

NVR Price Performance

Shares of NVR stock traded down $4.94 during trading hours on Monday, hitting $9,302.00. 4,562 shares of the company's stock were exchanged, compared to its average volume of 19,067. The firm has a 50 day moving average of $9,440.66 and a two-hundred day moving average of $8,497.45. NVR, Inc. has a fifty-two week low of $5,950.21 and a fifty-two week high of $9,964.77. The firm has a market cap of $28.46 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.99 and a beta of 1.20. 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 posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share 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 business had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the prior year, the business posted $125.26 earnings per share. The business's quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts forecast that NVR, Inc. will post 496.62 EPS 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.