Great Valley Advisor Group Inc. Sells 16 Shares of NVR, Inc. (NYSE:NVR)

Great Valley Advisor Group Inc. trimmed its holdings in NVR, Inc. (NYSE:NVR) by 23.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53 shares of the construction company’s stock after selling 16 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in NVR were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV raised its holdings in 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 acquiring an additional 2 shares in the last quarter. Blue Trust Inc. bought a new stake in NVR in the third quarter valued at about $39,000. Rakuten Securities Inc. acquired a new position in NVR in the third quarter worth $39,000. Redwood Wealth Management Group LLC acquired a new position in NVR during the 2nd quarter worth $46,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in NVR in the 2nd quarter valued at $53,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group raised their price objective 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. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America cut their price objective 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. Finally, Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, NVR has a consensus rating of “Hold” and an average price target of $8,783.33.

NVR Trading Down 0.6 %

Shares of NYSE:NVR opened at $9,239.46 on Wednesday. The stock has a market cap of $28.31 billion, a PE ratio of 18.85, a P/E/G ratio of 1.93 and a beta of 1.20. The business has a 50 day moving average of $9,420.06 and a 200-day moving average of $8,612.27. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 12-month low of $6,052.58 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the company earned $125.26 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that NVR, Inc. will post 494.48 earnings per share for the current year.

Insider Transactions at NVR

In related news, Director David A. Preiser sold 250 shares of the 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 transaction of $2,325,660.00. Following the sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of NVR 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 transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $2,186,679. This represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by company insiders.

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.