NVR, Inc. (NYSE:NVR) Position Trimmed by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in NVR, Inc. (NYSE:NVR - Free Report) by 19.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,671 shares of the construction company's stock after selling 7,082 shares during the quarter. NVR makes up approximately 0.5% of Thrivent Financial for Lutherans' portfolio, making the stock its 19th biggest holding. Thrivent Financial for Lutherans owned 0.93% of NVR worth $281,314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE raised its stake in shares of NVR by 13.3% during the first quarter. US Bancorp DE now owns 204 shares of the construction company's stock valued at $1,652,000 after acquiring an additional 24 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of NVR during the 1st quarter worth $923,000. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of NVR by 1.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company's stock valued at $44,791,000 after purchasing an additional 71 shares during the period. Intech Investment Management LLC raised its position in shares of NVR by 84.8% during the 1st quarter. Intech Investment Management LLC now owns 85 shares of the construction company's stock valued at $688,000 after purchasing an additional 39 shares during the period. Finally, Seven Eight Capital LP increased its holdings in NVR by 26.4% in the 1st quarter. Seven Eight Capital LP now owns 187 shares of the construction company's stock valued at $1,515,000 after acquiring an additional 39 shares during the last quarter. Institutional investors own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at NVR

In other NVR news, Director David A. Preiser sold 250 shares of NVR stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares of the company's stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the firm's stock in a transaction on 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 owns 230 shares in the company, valued at $2,186,679. The trade was a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 775 shares of company stock worth $7,294,073. Corporate insiders own 7.00% of the company's stock.

NVR Stock Down 1.7 %

Shares of NVR stock traded down $153.61 during trading on Friday, reaching $9,026.00. The company's stock had a trading volume of 18,205 shares, compared to its average volume of 17,492. 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, 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 $27.66 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.94 and a beta of 1.20. The stock's 50-day moving average price is $9,444.50 and its 200 day moving average price is $8,552.93.

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