MAI Capital Management Decreases Stock Holdings in NVR, Inc. (NYSE:NVR)

MAI Capital Management decreased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 21.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 540 shares of the construction company's stock after selling 150 shares during the quarter. MAI Capital Management's holdings in NVR were worth $5,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVR. International Assets Investment Management LLC boosted its stake in 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 purchasing an additional 363,004 shares during the period. Marshfield Associates boosted its position in shares of NVR by 0.3% during the 2nd quarter. Marshfield Associates now owns 32,719 shares of the construction company's stock valued at $248,290,000 after acquiring an additional 96 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NVR by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company's stock valued at $221,595,000 after acquiring an additional 906 shares in the last quarter. TD Asset Management Inc boosted its position in NVR by 143.8% in the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company's stock valued at $182,277,000 after buying an additional 14,167 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its position in NVR by 56.0% in the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company's stock valued at $172,109,000 after buying an additional 8,140 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Bank of America dropped their price target 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. Seaport Res Ptn cut shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, UBS Group upped their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock 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 company's stock. Based on data from MarketBeat, NVR has an average rating of "Hold" and an average price target of $8,783.33.

NVR Stock Performance

NVR traded up $44.87 during trading on Wednesday, hitting $9,000.00. 25,972 shares of the company traded hands, compared to its average volume of 19,205. The firm has a market cap of $27.54 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. NVR, Inc. has a one year low of $6,052.58 and a one year high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The stock's fifty day moving average is $9,435.69 and its 200 day moving average is $8,572.27.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS 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 for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the business earned $125.26 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. As a group, equities analysts predict that NVR, Inc. will post 494.48 EPS for the current fiscal year.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was 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 directly owns 208 shares in the company, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Preiser sold 250 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now owns 239 shares of the company's stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by company insiders.

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.