NVR, Inc. (NYSE:NVR) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its position in NVR, Inc. (NYSE:NVR - Free Report) by 83.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21 shares of the construction company's stock after selling 108 shares during the quarter. XTX Topco Ltd's holdings in NVR were worth $206,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its holdings in shares of NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock valued at $39,000 after purchasing an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new stake in NVR in the third quarter valued at $39,000. Rakuten Securities Inc. purchased a new stake in NVR during the 3rd quarter worth about $39,000. Redwood Wealth Management Group LLC acquired a new position in shares of NVR during the 2nd quarter worth about $46,000. Finally, Private Trust Co. NA increased its holdings in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after acquiring an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Performance

NYSE:NVR traded up $175.57 during trading hours on Friday, reaching $8,276.78. 60,851 shares of the company's stock were exchanged, compared to its average volume of 19,743. NVR, Inc. has a 1-year low of $6,800.00 and a 1-year high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm has a market capitalization 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 company has a 50-day moving average of $9,154.17 and a 200 day moving average of $8,762.75.

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

NVR announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other NVR news, Director David A. Preiser sold 250 shares of NVR stock in a transaction that occurred on 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 sale, the director now owns 239 shares of the company's stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is owned by company insiders.

Analyst Ratings Changes

NVR has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on NVR from $9,820.00 to $9,245.00 and set a "neutral" rating for the company in a research note on Friday, December 13th. Bank of America reduced 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 research report on Wednesday, October 23rd. UBS Group increased 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 report on Wednesday, October 23rd. StockNews.com cut shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn lowered NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, NVR presently has a consensus rating of "Hold" and a consensus target price of $9,765.00.

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.