Paloma Partners Management Co Takes Position in NVR, Inc. (NYSE:NVR)

Paloma Partners Management Co purchased a new position in NVR, Inc. (NYSE:NVR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 206 shares of the construction company’s stock, valued at approximately $2,021,000.

A number of other institutional investors also recently bought and sold shares of NVR. Massmutual Trust Co. FSB ADV grew its position 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 worth $39,000 after buying an additional 2 shares during the period. Blue Trust Inc. bought a new position in shares of NVR during the third quarter valued at approximately $39,000. Rakuten Securities Inc. purchased a new position in shares of NVR during the third quarter valued at approximately $39,000. Redwood Wealth Management Group LLC bought a new stake in shares of NVR in the 2nd quarter worth approximately $46,000. Finally, Private Trust Co. NA increased its position in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Transactions at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at $1,965,600. The trade was a 65.79 % 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 in the last ninety days. Insiders own 7.00% of the company’s stock.

NVR Price Performance

Shares of NYSE:NVR opened at $9,180.00 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The firm has a market cap of $28.09 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.18. The business has a 50-day simple moving average of $9,395.27 and a two-hundred day simple moving average of $8,656.49. NVR, Inc. has a fifty-two week low of $6,286.46 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share 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 company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the company earned $125.26 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts expect that NVR, Inc. will post 494.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NVR. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. 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 note on Wednesday, October 23rd. 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. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, NVR currently has a consensus rating of “Hold” and an average target price of $8,783.33.

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.