NVR, Inc. (NYSE:NVR) Position Lowered by Point72 DIFC Ltd

Point72 DIFC Ltd trimmed its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 94.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 24 shares of the construction company's stock after selling 445 shares during the period. Point72 DIFC Ltd's holdings in NVR were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NVR. International Assets Investment Management LLC boosted its holdings in NVR by 1,100,012.1% in the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company's stock valued at $3,562,046,000 after purchasing an additional 363,004 shares in the last quarter. Smead Capital Management Inc. increased its holdings in shares of NVR by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company's stock valued at $355,365,000 after purchasing an additional 1,223 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of NVR in the third quarter valued at about $348,545,000. Marshfield Associates boosted its holdings in NVR by 0.3% during the second quarter. Marshfield Associates now owns 32,719 shares of the construction company's stock worth $248,290,000 after buying an additional 96 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in NVR by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company's stock worth $221,595,000 after buying an additional 906 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NVR. Bank of America reduced 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. StockNews.com cut NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Seaport Res Ptn lowered NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Finally, UBS Group raised their price target on NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a research 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

Insiders Place Their Bets

In other news, Director David A. Preiser sold 250 shares of the firm's stock in a transaction dated 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 directly owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the business's 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 owns 208 shares of the company's stock, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 775 shares of company stock valued at $7,294,073. Company insiders own 7.00% of the company's stock.

NVR Price Performance

Shares of NVR stock traded down $8.68 during trading on Friday, hitting $8,946.33. 21,527 shares of the company were exchanged, compared to its average volume of 20,525. The firm has a 50 day moving average price of $9,337.83 and a 200 day moving average price of $8,707.05. The stock has a market capitalization of $27.41 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.94 and a beta of 1.18. 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, Inc. has a fifty-two week low of $6,330.74 and a fifty-two week high of $9,964.77.

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

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.