3Chopt Investment Partners LLC Reduces Position in NVR, Inc. (NYSE:NVR)

3Chopt Investment Partners LLC decreased its position in NVR, Inc. (NYSE:NVR - Free Report) by 25.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 431 shares of the construction company's stock after selling 150 shares during the quarter. NVR makes up 1.5% of 3Chopt Investment Partners LLC's portfolio, making the stock its 13th biggest position. 3Chopt Investment Partners LLC's holdings in NVR were worth $4,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vestcor Inc increased its position in NVR by 2.0% during the 3rd quarter. Vestcor Inc now owns 208 shares of the construction company's stock valued at $2,041,000 after buying an additional 4 shares in the last quarter. Conway Capital Management Inc. bought a new position in shares of NVR during the third quarter valued at $599,000. PYA Waltman Capital LLC raised its position in shares of NVR by 4.1% in the 3rd quarter. PYA Waltman Capital LLC now owns 435 shares of the construction company's stock worth $4,268,000 after purchasing an additional 17 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in NVR by 1.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,315 shares of the construction company's stock worth $12,903,000 after purchasing an additional 13 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in NVR by 2.1% in the 3rd quarter. MML Investors Services LLC now owns 242 shares of the construction company's stock worth $2,374,000 after purchasing an additional 5 shares in 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 400 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Preiser sold 250 shares of the business's stock in a transaction on Friday, November 8th. The stock was 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 in the company, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 over the last 90 days. Company insiders own 7.00% of the company's stock.

Analyst Ratings Changes

NVR has been the subject of a number of recent analyst reports. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Bank of America dropped their price target on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a report 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. Finally, 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 note on Wednesday, October 23rd.

NVR Stock Performance

NVR traded down $178.01 during midday trading on Tuesday, reaching $8,942.00. The company had a trading volume of 10,412 shares, compared to its average volume of 19,315. NVR, Inc. has a 1 year low of $6,452.58 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 company has a market cap of $27.36 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.92 and a beta of 1.18. The business has a 50-day moving average of $9,323.87 and a two-hundred day moving average of $8,719.17.

NVR (NYSE:NVR - Get Free Report) last posted 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 firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $125.26 earnings per share. As a group, equities research analysts predict that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

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.