Franklin Resources Inc. Purchases 1,780 Shares of NVR, Inc. (NYSE:NVR)

Franklin Resources Inc. grew its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 23.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,432 shares of the construction company's stock after acquiring an additional 1,780 shares during the period. Franklin Resources Inc. owned about 0.31% of NVR worth $91,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its holdings in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock valued at $39,000 after buying an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new stake in NVR during the third quarter worth about $39,000. Rakuten Securities Inc. acquired a new position in NVR in the third quarter valued at approximately $39,000. Redwood Wealth Management Group LLC bought a new stake in shares of NVR in the 2nd quarter worth approximately $46,000. Finally, Private Trust Co. NA boosted its position in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after purchasing an additional 2 shares during the period. Institutional investors own 83.67% of the company's stock.

Insider Transactions at NVR

In other news, Director David A. Preiser sold 250 shares of NVR 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 completion of the sale, the director now directly owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction 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 $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. Insiders sold 775 shares of company stock valued at $7,294,073 over the last three months. 7.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on NVR. Bank of America dropped 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 research report on Wednesday, October 23rd. UBS Group boosted their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Seaport Res Ptn cut NVR from a "strong-buy" rating to a "hold" rating in a research note 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of NVR from $9,820.00 to $9,245.00 and set a "neutral" rating for the company in a report on Friday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, NVR currently has an average rating of "Hold" and a consensus price target of $9,765.00.

NVR Stock Down 0.9 %

NYSE:NVR traded down $75.24 during trading hours on Monday, hitting $8,512.39. 22,466 shares of the stock traded hands, compared to its average volume of 19,447. The firm has a market cap of $26.08 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.90 and a beta of 1.18. The firm has a 50 day moving average price of $9,232.02 and a 200 day moving average price of $8,765.72. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR, Inc. has a fifty-two week low of $6,768.02 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data 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 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 company posted $125.26 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. Equities research analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

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.