Bank of Montreal Can Sells 146 Shares of NVR, Inc. (NYSE:NVR)

Bank of Montreal Can decreased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,823 shares of the construction company's stock after selling 146 shares during the quarter. Bank of Montreal Can owned 0.09% of NVR worth $27,481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NVR. Drive Wealth Management LLC grew its position in NVR by 7.7% during the 2nd quarter. Drive Wealth Management LLC now owns 28 shares of the construction company's stock worth $212,000 after acquiring an additional 2 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of NVR by 0.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company's stock worth $2,383,000 after purchasing an additional 2 shares during the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of NVR by 8.7% in the second quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company's stock valued at $190,000 after buying an additional 2 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock valued at $39,000 after buying an additional 2 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in NVR by 13.3% during the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock worth $167,000 after buying an additional 2 shares during the period. Institutional investors own 83.67% of the company's stock.

Analysts Set New Price Targets

NVR has been the subject of several recent research reports. Bank of America decreased 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 research report on Wednesday, October 23rd. UBS Group boosted their price objective 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. Seaport Res Ptn lowered NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Finally, StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $8,783.33.

NVR Trading Up 0.5 %

Shares of NVR traded up $41.96 during trading hours on Friday, hitting $9,235.58. 13,607 shares of the stock were exchanged, compared to its average volume of 19,361. NVR, Inc. has a fifty-two week low of $6,052.58 and a fifty-two week high of $9,964.77. The business has a 50-day moving average of $9,395.27 and a 200-day moving average of $8,643.00. The firm has a market capitalization of $28.30 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. 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 business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business's revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $125.26 earnings per share. On average, research analysts expect that NVR, Inc. will post 494.48 EPS for the current year.

Insiders Place Their Bets

In other news, 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 transaction, the director now owns 239 shares of the company's stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the business's 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 directly owns 230 shares of the company's stock, valued at $2,186,679. The trade was a 35.21 % decrease in their ownership of the stock. 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. 7.00% of the stock is owned by corporate insiders.

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.