Principal Financial Group Inc. Sells 276 Shares of NVR, Inc. (NYSE:NVR)

Principal Financial Group Inc. lessened its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,989 shares of the construction company's stock after selling 276 shares during the period. Principal Financial Group Inc. owned 1.69% of NVR worth $510,106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its holdings in NVR by 100.0% during the third 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. bought a new position in NVR in the 3rd quarter worth approximately $39,000. Redwood Wealth Management Group LLC purchased a new position in NVR in the 2nd quarter valued at approximately $46,000. Whittier Trust Co. of Nevada Inc. purchased a new position in NVR in the 2nd quarter valued at approximately $53,000. Finally, UMB Bank n.a. raised its holdings in NVR by 57.1% during the 2nd quarter. UMB Bank n.a. now owns 11 shares of the construction company's stock valued at $83,000 after acquiring an additional 4 shares during the period. Institutional investors own 83.67% of the company's stock.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the sale, the chief accounting officer now directly owns 208 shares of the company's stock, valued at approximately $1,965,600. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Matthew B. Kelpy sold 400 shares of the firm's stock in a transaction dated 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 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 is accessible through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 230 shares of the company's stock, valued at $2,186,679. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 725 shares of company stock valued at $6,668,413 in the last quarter. Corporate insiders own 7.00% of the company's stock.

NVR Price Performance

NYSE NVR traded up $17.01 during trading on Thursday, reaching $9,219.55. The company's stock had a trading volume of 9,415 shares, compared to its average volume of 19,126. The firm has a fifty day moving average of $9,434.23 and a 200 day moving average of $8,472.38. NVR, Inc. has a one year low of $5,818.01 and a one year high of $9,964.77. The stock has a market capitalization of $28.40 billion, a PE ratio of 18.81, a P/E/G ratio of 1.98 and a beta of 1.20. 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 posted 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). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $125.26 earnings per share. Analysts expect that NVR, Inc. will post 496.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NVR. Bank of America reduced their price target on 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. UBS Group upped 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.

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.