Los Angeles Capital Management LLC Trims Stake in NVR, Inc. (NYSE:NVR)

Los Angeles Capital Management LLC lessened its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 15.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,297 shares of the construction company's stock after selling 246 shares during the period. Los Angeles Capital Management LLC's holdings in NVR were worth $12,726,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock valued at $39,000 after purchasing an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new position in NVR during the third quarter worth about $39,000. Redwood Wealth Management Group LLC purchased a new position in shares of NVR in the second quarter valued at $46,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of NVR during the second quarter worth about $53,000. Finally, UMB Bank n.a. boosted its stake in NVR by 57.1% during the second quarter. UMB Bank n.a. now owns 11 shares of the construction company's stock valued at $83,000 after buying an additional 4 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related 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 transaction, the chief accounting officer now directly owns 208 shares of the company's stock, valued at $1,965,600. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David A. Preiser sold 250 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 775 shares of company stock valued at $7,294,073. Insiders own 7.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVR. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. UBS Group boosted their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Bank of America cut their price objective on NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Finally, Seaport Res Ptn lowered NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $8,783.33.

NVR Stock Performance

NVR stock traded down $137.00 during midday trading on Tuesday, hitting $9,112.26. The company's stock had a trading volume of 10,172 shares, compared to its average volume of 19,088. The company has a market cap of $27.88 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.99 and a beta of 1.20. NVR, Inc. has a 1-year low of $5,950.21 and a 1-year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The company has a 50-day moving average price of $9,442.19 and a two-hundred day moving average price of $8,508.18.

NVR (NYSE:NVR - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $125.26 earnings per share. As a group, sell-side analysts predict that NVR, Inc. will post 496.62 earnings per share for the current year.

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.