Marshfield Associates Cuts Stock Position in NVR, Inc. (NYSE:NVR)

Marshfield Associates reduced its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 27.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,616 shares of the construction company's stock after selling 9,103 shares during the quarter. NVR comprises approximately 4.9% of Marshfield Associates' holdings, making the stock its 12th largest position. Marshfield Associates owned about 0.77% of NVR worth $231,715,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its holdings in shares of 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 purchasing an additional 2 shares in the last quarter. Blue Trust Inc. purchased a new position in shares of NVR in the third quarter valued at $39,000. Rakuten Securities Inc. purchased a new position in shares of NVR in the third quarter valued at $39,000. Redwood Wealth Management Group LLC purchased a new position in shares of NVR in the second quarter valued at $46,000. Finally, Private Trust Co. NA lifted its position in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 125 shares of the firm's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David A. Preiser sold 250 shares of the firm's stock in a transaction on 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 transaction, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is currently owned by insiders.

NVR Trading Down 2.9 %

Shares of NYSE:NVR traded down $266.39 on Tuesday, hitting $8,853.62. 20,739 shares of the company's stock were exchanged, compared to its average volume of 19,362. NVR, Inc. has a 12 month low of $6,452.58 and a 12 month high of $9,964.77. The stock has a market capitalization of $27.09 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.92 and a beta of 1.18. The business's 50 day simple moving average is $9,303.09 and its two-hundred day simple moving average is $8,729.30. 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 released its 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 for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the business posted $125.26 earnings per share. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts anticipate that NVR, Inc. will post 494.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group raised their price target on NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, Bank of America lowered their price target on NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd.

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.