Smead Capital Management Inc. Raises Holdings in NVR, Inc. (NYSE:NVR)

Smead Capital Management Inc. increased its stake in NVR, Inc. (NYSE:NVR - Free Report) by 3.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,218 shares of the construction company's stock after acquiring an additional 1,223 shares during the quarter. NVR makes up 5.1% of Smead Capital Management Inc.'s holdings, making the stock its 8th largest holding. Smead Capital Management Inc. owned about 1.18% of NVR worth $355,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of NVR. International Assets Investment Management LLC grew its holdings in shares of 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 worth $3,562,046,000 after acquiring an additional 363,004 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in shares of NVR by 6,454.8% during the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company's stock valued at $162,071,000 after buying an additional 16,266 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of NVR by 143.8% during the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company's stock valued at $182,277,000 after buying an additional 14,167 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of NVR by 98.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company's stock valued at $141,498,000 after buying an additional 8,684 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in shares of NVR by 56.0% during the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company's stock valued at $172,109,000 after buying an additional 8,140 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares of the company's stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Preiser sold 250 shares of the business'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 of the company's stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 over the last quarter. Insiders own 7.00% of the company's stock.

NVR Stock Up 1.0 %

NYSE NVR traded up $89.50 on Tuesday, reaching $8,955.13. The stock had a trading volume of 21,659 shares, compared to its average volume of 19,175. The business has a 50 day moving average price of $9,435.69 and a 200 day moving average price of $8,572.27. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 1 year low of $6,052.58 and a 1 year high of $9,964.77. The company has a market capitalization of $27.40 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 1.94 and a beta of 1.20.

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

Wall Street Analyst Weigh In

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

About NVR

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.