Victory Capital Management Inc. Sells 923 Shares of NVR, Inc. (NYSE:NVR)

Victory Capital Management Inc. reduced its position in NVR, Inc. (NYSE:NVR - Free Report) by 17.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,332 shares of the construction company's stock after selling 923 shares during the period. Victory Capital Management Inc. owned 0.14% of NVR worth $42,505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Drive Wealth Management LLC grew its position in shares of NVR by 7.7% during the 2nd quarter. Drive Wealth Management LLC now owns 28 shares of the construction company's stock valued at $212,000 after purchasing an additional 2 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of NVR by 0.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company's stock valued at $2,383,000 after acquiring an additional 2 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in NVR by 8.7% in the second quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company's stock valued at $190,000 after purchasing an additional 2 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock valued at $39,000 after buying an additional 2 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of NVR by 13.3% in the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock worth $167,000 after purchasing an additional 2 shares during the last quarter. Institutional investors own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

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

NVR Stock Performance

NYSE NVR traded down $153.61 on Friday, hitting $9,026.00. 18,205 shares of the company traded hands, compared to its average volume of 19,134. NVR, Inc. has a 52-week low of $6,052.58 and a 52-week high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $27.62 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.95 and a beta of 1.20. The business's 50 day moving average price is $9,444.50 and its 200-day moving average price is $8,545.24.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results 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). 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 prior year, the company posted $125.26 EPS. The company's quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts expect that NVR, Inc. will post 494.87 earnings per share for the current year.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 400 shares of the firm's 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 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 65.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David A. Preiser sold 250 shares of the business'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 sale, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock worth $7,294,073 over the last quarter. Insiders own 7.00% of the company's stock.

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.