NVR, Inc. (NYSE:NVR) Position Boosted by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lifted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 258.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111 shares of the construction company's stock after acquiring an additional 80 shares during the period. First Trust Direct Indexing L.P.'s holdings in NVR were worth $1,090,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NVR. Bank of America dropped 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 increased their target price on NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd.

NVR Trading Down 0.1 %

NVR stock traded down $13.42 during midday trading on Friday, reaching $9,139.39. 24,096 shares of the company's stock traded hands, compared to its average volume of 15,577. NVR, Inc. has a fifty-two week low of $5,600.56 and a fifty-two week high of $9,964.77. The business has a 50-day moving average price of $9,420.22 and a two-hundred day moving average price of $8,432.82. The company has a market capitalization of $28.15 billion, a P/E ratio of 18.68, a PEG ratio of 1.95 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 announced 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 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 revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company posted $125.26 earnings per share. Equities research analysts forecast that NVR, Inc. will post 496.62 EPS for the current fiscal year.

Insider Activity at NVR

In other news, CAO Matthew B. Kelpy sold 200 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company's stock, valued at approximately $1,955,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the transaction, the chief accounting officer now owns 230 shares of the company's stock, valued at approximately $1,955,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.