Point72 Asset Management L.P. Sells 795 Shares of NVR, Inc. (NYSE:NVR)

Point72 Asset Management L.P. lowered its position in NVR, Inc. (NYSE:NVR - Free Report) by 35.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,440 shares of the construction company's stock after selling 795 shares during the period. Point72 Asset Management L.P.'s holdings in NVR were worth $14,129,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. bought a new position in NVR in the 3rd quarter worth $39,000. Assenagon Asset Management S.A. raised its stake in NVR by 3,377.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company's stock valued at $19,002,000 after purchasing an additional 2,432 shares during the period. Intech Investment Management LLC purchased a new position in NVR in the 3rd quarter worth approximately $9,341,000. Cetera Investment Advisers boosted its stake in NVR by 113.0% in the 1st quarter. Cetera Investment Advisers now owns 196 shares of the construction company's stock worth $1,588,000 after purchasing an additional 104 shares during the period. Finally, Swedbank AB grew its holdings in NVR by 8.7% during the 2nd quarter. Swedbank AB now owns 125 shares of the construction company's stock valued at $949,000 after buying an additional 10 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Activity

In other NVR news, Director David A. Preiser sold 250 shares of the company's stock in a transaction 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 owns 239 shares of the company's stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of NVR 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 sale, the chief accounting officer now owns 208 shares of the company's stock, valued at approximately $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 sold 775 shares of company stock valued at $7,294,073 in the last ninety days. Insiders own 7.00% of the company's stock.

Analyst Ratings Changes

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

NVR Price Performance

NVR stock traded down $8.68 during mid-day trading on Friday, reaching $8,946.33. 21,527 shares of the company's stock traded hands, compared to its average volume of 20,525. NVR, Inc. has a 12-month low of $6,330.74 and a 12-month high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $9,337.83 and a two-hundred day moving average of $8,690.83. The company has a market cap of $27.38 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.94 and a beta of 1.18.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 16.51% and a return on equity of 38.20%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $125.26 earnings per share. Equities analysts forecast that NVR, Inc. will post 494.48 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.