NVR, Inc. (NYSE:NVR) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd reduced its position in NVR, Inc. (NYSE:NVR - Free Report) by 69.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 31 shares of the construction company's stock after selling 72 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in NVR were worth $304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NVR. Massmutual Trust Co. FSB ADV lifted its holdings in shares of 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 purchasing an additional 2 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of NVR in the 3rd quarter valued at about $39,000. Redwood Wealth Management Group LLC purchased a new stake in shares of NVR in the 2nd quarter valued at about $46,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of NVR in the 2nd quarter valued at about $53,000. Finally, UMB Bank n.a. lifted its holdings in shares of NVR by 57.1% in the 2nd quarter. UMB Bank n.a. now owns 11 shares of the construction company's stock valued at $83,000 after purchasing an additional 4 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Performance

Shares of NVR stock traded up $66.33 during trading hours on Thursday, reaching $9,172.00. 6,914 shares of the company's stock were exchanged, compared to its average volume of 19,077. The company has a market cap of $28.07 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company's 50 day moving average is $9,442.51 and its two-hundred day moving average is $8,522.62. NVR, Inc. has a 1 year low of $6,052.58 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.

NVR (NYSE:NVR - Get Free Report) last released 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 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 prior year, the company earned $125.26 EPS. Equities research analysts anticipate that NVR, Inc. will post 490.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on NVR. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday. UBS Group upped 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 reduced their price objective on NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, NVR currently has a consensus rating of "Hold" and an average price target of $8,783.33.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 230 shares of the company's stock, valued at $2,186,679. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction on 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 transaction, the chief accounting officer now directly owns 208 shares of the company's stock, valued at approximately $1,965,600. 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. Also, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by 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.