ING Groep NV Lowers Stake in NVR, Inc. (NYSE:NVR)

ING Groep NV lessened its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 10.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,412 shares of the construction company's stock after selling 169 shares during the quarter. ING Groep NV's holdings in NVR were worth $13,854,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in shares of NVR in the 3rd quarter valued at $39,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in NVR by 1.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company's stock valued at $44,791,000 after purchasing an additional 71 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of NVR by 3,377.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company's stock valued at $19,002,000 after buying an additional 2,432 shares during the last quarter. Swedbank AB acquired a new stake in shares of NVR during the first quarter worth about $931,000. Finally, Jane Street Group LLC grew its holdings in shares of NVR by 1,285.4% during the first quarter. Jane Street Group LLC now owns 568 shares of the construction company's stock worth $4,601,000 after buying an additional 527 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Price Performance

Shares of NYSE NVR traded down $146.40 during midday trading on Friday, hitting $9,033.21. The company had a trading volume of 18,205 shares, compared to its average volume of 19,134. 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 business has a 50-day simple moving average of $9,444.50 and a two-hundred day simple moving average of $8,537.55. NVR, Inc. has a twelve month low of $6,052.58 and a twelve month high of $9,964.77. The firm has a market capitalization of $27.64 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm 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 for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $125.26 earnings per share. Equities research analysts anticipate that NVR, Inc. will post 494.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

NVR has been the subject of several analyst reports. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Bank of America lowered 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. Finally, UBS Group raised 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, NVR presently has an average rating of "Hold" and a consensus target price of $8,783.33.

Insider Transactions at NVR

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction dated Tuesday, November 5th. The stock was 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 owns 208 shares in the company, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Preiser sold 250 shares of the stock in a transaction dated 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 transaction, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 in the last 90 days. 7.00% of the stock is currently owned by 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.