NVR, Inc. (NYSE:NVR) Shares Acquired by Miller Investment Management LP

Miller Investment Management LP boosted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,621 shares of the construction company's stock after buying an additional 87 shares during the period. NVR accounts for about 1.7% of Miller Investment Management LP's investment portfolio, making the stock its 17th biggest holding. Miller Investment Management LP owned approximately 0.05% of NVR worth $15,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of 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 valued at $3,562,046,000 after acquiring an additional 363,004 shares during the period. Jennison Associates LLC purchased a new stake in NVR in the third quarter valued at $348,545,000. Mizuho Securities USA LLC boosted its holdings in NVR by 6,454.8% in the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company's stock valued at $162,071,000 after purchasing an additional 16,266 shares during the last quarter. TD Asset Management Inc boosted its holdings 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 purchasing an additional 14,167 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings 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 purchasing an additional 8,140 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America lowered their target price 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. Seaport Res Ptn lowered shares of NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, UBS Group increased their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $8,783.33.

NVR Price Performance

NVR stock traded down $134.96 during midday trading on Wednesday, reaching $9,049.96. The company had a trading volume of 17,835 shares, compared to its average volume of 19,332. The company has a market capitalization of $27.73 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.97 and a beta of 1.18. NVR, Inc. has a 12-month low of $6,330.74 and a 12-month high of $9,964.77. The firm's fifty day simple moving average is $9,375.28 and its 200-day simple moving average is $8,677.48. 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). The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $125.26 earnings per share. As a group, equities analysts anticipate that NVR, Inc. will post 494.48 EPS for the current year.

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction dated 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 completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This represents a 35.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Preiser sold 250 shares of the stock in a transaction dated 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. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is owned by corporate insiders.

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.