Point72 Asia Singapore Pte. Ltd. Sells 66 Shares of NVR, Inc. (NYSE:NVR)

Point72 Asia Singapore Pte. Ltd. lowered its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 26.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186 shares of the construction company's stock after selling 66 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in NVR were worth $1,825,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Drive Wealth Management LLC lifted its stake in NVR by 7.7% in the second quarter. Drive Wealth Management LLC now owns 28 shares of the construction company's stock valued at $212,000 after buying an additional 2 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in NVR by 0.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company's stock worth $2,383,000 after purchasing an additional 2 shares during the period. Deseret Mutual Benefit Administrators increased its holdings in NVR by 8.7% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company's stock worth $190,000 after purchasing an additional 2 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in NVR by 100.0% during the 3rd 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 in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of NVR by 13.3% in the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock valued at $167,000 after purchasing an additional 2 shares during the period. Institutional investors own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

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

NVR Stock Down 0.2 %

Shares of NYSE NVR traded down $15.58 during trading hours on Monday, hitting $9,220.00. The company had a trading volume of 6,127 shares, compared to its average volume of 19,303. The stock has a market capitalization of $28.21 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20. NVR, Inc. has a 1-year low of $6,286.46 and a 1-year high of $9,964.77. The firm's 50 day moving average is $9,395.27 and its 200-day moving average is $8,656.49. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share 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 firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the firm earned $125.26 earnings per share. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts expect that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

Insider Buying and Selling at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the stock in a transaction dated Friday, November 8th. The shares were 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 of the company's stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now owns 208 shares of the company's stock, valued at $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock worth $7,294,073 over the last 90 days. 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.