Paloma Partners Management Co Invests $2.02 Million in NVR, Inc. (NYSE:NVR)

Paloma Partners Management Co bought a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 206 shares of the construction company's stock, valued at approximately $2,021,000.

A number of other institutional investors have also made changes to their positions in the business. Massmutual Trust Co. FSB ADV boosted its stake in shares of NVR by 100.0% in the third 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 period. Blue Trust Inc. acquired a new position in shares of NVR in the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. bought a new stake in NVR during the third quarter valued at $39,000. Redwood Wealth Management Group LLC acquired a new stake in shares of NVR during the 2nd quarter worth approximately $46,000. Finally, Private Trust Co. NA grew its holdings in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after purchasing an additional 2 shares during the period. Institutional investors own 83.67% of the company's stock.

Insiders Place Their Bets

In other NVR 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 transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares of the company's stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the 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 sale, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock valued at $7,294,073 in the last quarter. 7.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

NVR Stock Down 0.1 %

NVR traded down $7.43 on Tuesday, hitting $9,172.57. The company had a trading volume of 17,752 shares, compared to its average volume of 19,368. NVR, Inc. has a 52-week low of $6,286.46 and a 52-week high of $9,964.77. The firm has a market capitalization of $28.07 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.97 and a beta of 1.18. 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 stock has a fifty day simple moving average of $9,384.71 and a 200-day simple moving average of $8,666.89.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the business posted $125.26 earnings per share. NVR's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts expect that NVR, Inc. will post 494.48 EPS for the current fiscal 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.