North Growth Management Ltd. Has $9.81 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

North Growth Management Ltd. lowered its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 50.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,000 shares of the construction company's stock after selling 1,000 shares during the quarter. NVR makes up about 1.8% of North Growth Management Ltd.'s investment portfolio, making the stock its 27th largest position. North Growth Management Ltd.'s holdings in NVR were worth $9,812,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NVR. Blue Trust Inc. acquired a new stake in NVR in the third quarter worth $39,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of NVR by 1.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company's stock worth $44,791,000 after acquiring an additional 71 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of NVR by 3,377.8% during the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company's stock worth $19,002,000 after purchasing an additional 2,432 shares during the period. Sei Investments Co. raised its position in shares of NVR by 89.6% during the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company's stock worth $21,489,000 after purchasing an additional 1,254 shares during the period. Finally, Swedbank AB acquired a new position in shares of NVR in the 1st quarter valued at approximately $931,000. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Stock Down 2.0 %

Shares of NYSE NVR traded down $189.25 during trading hours on Tuesday, hitting $9,060.01. The company had a trading volume of 6,329 shares, compared to its average volume of 19,071. NVR, Inc. has a 1-year low of $5,950.21 and a 1-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 firm's 50 day moving average is $9,442.19 and its 200-day moving average is $8,508.18. The stock has a market capitalization of $27.72 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20.

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). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $125.26 earnings per share. On average, analysts expect that NVR, Inc. will post 496.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NVR has been the topic of several research analyst reports. Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday. 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 report on Wednesday, October 23rd. UBS Group boosted their price target on NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, NVR has a consensus rating of "Hold" and an average target price of $8,783.33.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of the company's 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 transaction, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction on 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 transaction, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares of the company's stock, valued at approximately $2,223,330.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 775 shares of company stock worth $7,294,073. Company insiders own 7.00% of the company's stock.

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.