SpiderRock Advisors LLC Takes Position in NVR, Inc. (NYSE:NVR)

SpiderRock Advisors LLC purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 200 shares of the construction company's stock, valued at approximately $1,970,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Leavell Investment Management Inc. increased its holdings in NVR by 2.0% in the 3rd quarter. Leavell Investment Management Inc. now owns 208 shares of the construction company's stock valued at $2,041,000 after buying an additional 4 shares during the period. Summit Global Investments boosted its stake in shares of NVR by 2.8% in the 3rd quarter. Summit Global Investments now owns 943 shares of the construction company's stock valued at $9,253,000 after purchasing an additional 26 shares in the last quarter. Catalina Capital Group LLC acquired a new stake in shares of NVR in the 3rd quarter valued at $216,000. Marks Group Wealth Management Inc boosted its stake in shares of NVR by 4.1% in the 3rd quarter. Marks Group Wealth Management Inc now owns 557 shares of the construction company's stock valued at $5,465,000 after purchasing an additional 22 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of NVR by 0.6% in the 3rd quarter. Amalgamated Bank now owns 634 shares of the construction company's stock valued at $6,221,000 after purchasing an additional 4 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

NVR Price Performance

NYSE NVR traded up $85.71 on Friday, hitting $9,306.94. 16,275 shares of the company were exchanged, compared to its average volume of 16,381. The firm has a 50 day moving average of $9,440.66 and a two-hundred day moving average of $8,497.45. The company has a market cap of $28.48 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.99 and a beta of 1.20. 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 $5,818.01 and a 1-year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly 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 company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $125.26 EPS. On average, equities analysts predict that NVR, Inc. will post 496.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NVR shares. UBS Group boosted their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Bank of America reduced 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 research note on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the business's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company's stock, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other NVR 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were 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 directly owns 230 shares of the company's stock, valued at approximately $2,186,679. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.00% of the company's stock.

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.