NVR, Inc. (NYSE:NVR) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. lessened its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 74.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79 shares of the construction company's stock after selling 227 shares during the quarter. Meeder Asset Management Inc.'s holdings in NVR were worth $775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV boosted 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 worth $39,000 after acquiring an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new stake in NVR in the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. purchased a new stake in NVR during the 3rd quarter worth approximately $39,000. Redwood Wealth Management Group LLC acquired a new position in shares of NVR in the 2nd quarter valued at $46,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of NVR in the second quarter worth about $53,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of the 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 sale, the director now directly owns 239 shares in the company, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction dated Tuesday, November 5th. The shares were 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 directly owns 208 shares in the company, valued at $1,965,600. This represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 775 shares of company stock worth $7,294,073. Company insiders own 7.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on NVR shares. 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 report on Wednesday, October 23rd. StockNews.com cut NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Seaport Res Ptn lowered NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Finally, Bank of America cut 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 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $8,783.33.

NVR Price Performance

NVR stock traded up $44.87 during midday trading on Wednesday, reaching $9,000.00. The stock had a trading volume of 25,452 shares, compared to its average volume of 19,205. NVR, Inc. has a 52-week low of $6,052.58 and a 52-week high of $9,964.77. The company has a market cap of $27.54 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The company's fifty day simple moving average is $9,433.97 and its 200 day simple moving average is $8,575.26. 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 (NYSE:NVR - Get Free Report) last issued its 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 analyst estimates of $2.71 billion. During the same period last year, the business earned $125.26 earnings per share. The firm's revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that NVR, Inc. will post 494.48 earnings per share for the current fiscal 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.