NVR, Inc. (NYSE:NVR) Stock Position Lifted by KBC Group NV

KBC Group NV boosted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 299.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,622 shares of the construction company's stock after buying an additional 4,216 shares during the period. KBC Group NV owned 0.18% of NVR worth $55,162,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fortis Capital Management LLC increased its holdings in shares of NVR by 2.8% in the 3rd quarter. Fortis Capital Management LLC now owns 624 shares of the construction company's stock worth $6,125,000 after acquiring an additional 17 shares during the period. Rakuten Securities Inc. acquired a new stake in shares of NVR in the third quarter valued at approximately $39,000. Entropy Technologies LP raised its holdings in shares of NVR by 35.5% during the third quarter. Entropy Technologies LP now owns 382 shares of the construction company's stock valued at $3,748,000 after buying an additional 100 shares during the last quarter. Markel Group Inc. boosted its position in shares of NVR by 1.5% during the third quarter. Markel Group Inc. now owns 11,704 shares of the construction company's stock worth $114,837,000 after buying an additional 175 shares during the period. Finally, Townsend & Associates Inc grew its holdings in NVR by 6.8% in the 3rd quarter. Townsend & Associates Inc now owns 408 shares of the construction company's stock worth $3,840,000 after buying an additional 26 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on NVR shares. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Bank of America cut their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. UBS Group increased their target price 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. Finally, Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction that occurred on Thursday, October 24th. The shares were 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 of the company's stock, valued at $2,186,679. This trade represents a 35.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David A. Preiser sold 250 shares of the company's 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 completion of the sale, the director now owns 239 shares of the company's stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by insiders.

NVR Price Performance

Shares of NVR stock traded down $146.40 during trading on Friday, hitting $9,033.21. The stock had a trading volume of 18,205 shares, compared to its average volume of 19,134. The business has a fifty day moving average of $9,445.21 and a two-hundred day moving average of $8,527.18. The firm has a market cap of $27.64 billion, a P/E ratio of 18.77, a PEG ratio of 1.95 and a beta of 1.20. NVR, Inc. has a fifty-two week low of $6,052.58 and a fifty-two week high of $9,964.77. 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 (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts' consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the company posted $125.26 earnings per share. NVR's revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts expect that NVR, Inc. will post 494.87 earnings per share for the current fiscal 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.