Court Place Advisors LLC Has $1.53 Million Stake in NVR, Inc. (NYSE:NVR)

Court Place Advisors LLC lowered its holdings in shares of NVR, Inc. (NYSE:NVR) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156 shares of the construction company’s stock after selling 2 shares during the period. Court Place Advisors LLC’s holdings in NVR were worth $1,527,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NVR. Assenagon Asset Management S.A. boosted its holdings in NVR by 254.1% during the third quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock valued at $87,001,000 after purchasing an additional 6,363 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of NVR by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock worth $5,917,000 after buying an additional 2 shares during the period. International Assets Investment Management LLC boosted its stake in NVR by 1,100,012.1% in the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after buying an additional 363,004 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new stake in NVR in the third quarter valued at $206,000. Finally, Lecap Asset Management Ltd. bought a new stake in NVR in the third quarter valued at $1,168,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,955,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,955,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alfred E. Festa sold 148 shares of NVR stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $8,585.95, for a total value of $1,270,720.60. Following the transaction, the director now owns 173 shares in the company, valued at $1,485,369.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

NVR Trading Down 0.3 %

NVR traded down $30.40 during trading on Friday, reaching $9,426.00. 1,684 shares of the company’s stock were exchanged, compared to its average volume of 19,151. The company’s fifty day moving average price is $9,387.84 and its 200-day moving average price is $8,375.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84. The firm has a market capitalization of $29.03 billion, a PE ratio of 19.33, a P/E/G ratio of 2.32 and a beta of 1.19. NVR, Inc. has a fifty-two week low of $5,326.16 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last released 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). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.18%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $125.26 EPS. As a group, equities analysts forecast that NVR, Inc. will post 500.28 EPS for the current year.

Analysts Set New Price Targets

NVR has been the subject of several analyst reports. Bank of America cut their price target 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. UBS Group lifted 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 note on Wednesday.

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.