Fmr LLC Sells 4,841 Shares of NVR, Inc. (NYSE:NVR)

FMR LLC cut its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 12.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,650 shares of the construction company's stock after selling 4,841 shares during the quarter. FMR LLC owned 1.10% of NVR worth $330,171,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in NVR by 1,100,012.1% during the third 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 in the last quarter. Jennison Associates LLC acquired a new stake in shares of NVR during the 3rd quarter valued at $348,545,000. Mizuho Securities USA LLC boosted its stake in shares of NVR by 6,454.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company's stock worth $162,071,000 after acquiring an additional 16,266 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of NVR by 143.8% in the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company's stock worth $182,277,000 after acquiring an additional 14,167 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in shares of NVR by 56.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company's stock worth $172,109,000 after acquiring an additional 8,140 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Insiders Place Their Bets

In related news, CAO Matthew B. Kelpy sold 400 shares of the business's 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 sale, the chief accounting officer now owns 208 shares of the company's stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Preiser sold 250 shares of the 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 transaction, the director now owns 239 shares in the company, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock worth $7,294,073 in the last quarter. 7.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Seaport Res Ptn cut shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Bank of America dropped their target price on shares of 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 upped their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $8,783.33.

NVR Stock Up 0.5 %

NVR stock traded up $41.96 during mid-day trading on Friday, hitting $9,235.58. The company's stock had a trading volume of 13,607 shares, compared to its average volume of 20,521. 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 52-week low of $6,052.58 and a 52-week high of $9,964.77. The firm's 50 day moving average is $9,395.27 and its 200 day moving average is $8,650.63. The company has a market cap of $28.26 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20.

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 (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 company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same period last year, the company earned $125.26 earnings per share. NVR's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR Company 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.