Tidal Investments LLC Decreases Stock Holdings in NVR, Inc. (NYSE:NVR)

Tidal Investments LLC lessened its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 72.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74 shares of the construction company's stock after selling 198 shares during the period. Tidal Investments LLC's holdings in NVR were worth $726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NVR. International Assets Investment Management LLC grew its holdings in NVR by 1,100,012.1% during the third 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 during the period. Jennison Associates LLC bought a new position in shares of NVR in the 3rd quarter worth $348,545,000. Mizuho Securities USA LLC raised its position in shares of NVR by 6,454.8% during the 3rd 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 lifted its holdings in shares of NVR by 143.8% during the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company's stock worth $182,277,000 after acquiring an additional 14,167 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in NVR by 56.0% in the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company's stock valued at $172,109,000 after acquiring an additional 8,140 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Performance

Shares of NVR traded up $175.57 during mid-day trading on Friday, hitting $8,276.78. 60,851 shares of the company traded hands, compared to its average volume of 19,743. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.84 and a beta of 1.18. The stock has a 50-day moving average price of $9,129.03 and a two-hundred day moving average price of $8,775.82. NVR, Inc. has a 1 year low of $6,800.00 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 38.20% and a net margin of 16.51%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm earned $125.26 EPS. The business's revenue was up 6.6% on a year-over-year basis. Equities analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR declared that its board has authorized a stock buyback program on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at NVR

In other news, 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 transaction of $1,188,412.50. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. This trade represents a 35.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of 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. Over the last ninety days, insiders sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NVR shares. Seaport Res Ptn lowered shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. 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 report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on NVR from $9,820.00 to $9,245.00 and set a "neutral" rating on the stock in a report on Friday, December 13th. Finally, UBS Group upped their target price 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $9,765.00.

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.