Miller Investment Management LP Has $15.91 Million Position in NVR, Inc. (NYSE:NVR)

Miller Investment Management LP lifted its holdings in shares of NVR, Inc. (NYSE:NVR) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,621 shares of the construction company’s stock after buying an additional 87 shares during the period. NVR comprises 1.7% of Miller Investment Management LP’s holdings, making the stock its 17th largest position. Miller Investment Management LP owned approximately 0.05% of NVR worth $15,905,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NVR. Massmutual Trust Co. FSB ADV grew its stake in NVR by 100.0% in the third 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 shares of NVR in the 3rd quarter valued at approximately $39,000. Rakuten Securities Inc. bought a new position in shares of NVR in the third quarter valued at $39,000. Redwood Wealth Management Group LLC acquired a new position in NVR during the second quarter worth $46,000. Finally, Private Trust Co. NA raised its position in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NVR. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group increased their price target on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. 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 on the stock in a report on Wednesday, October 23rd. Four investment 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8,783.33.

NVR Trading Down 0.1 %

Shares of NVR stock opened at $9,172.57 on Wednesday. The stock has a market cap of $28.10 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. 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 stock has a 50 day simple moving average of $9,384.71 and a 200 day simple moving average of $8,666.89. NVR, Inc. has a 1 year low of $6,286.46 and a 1 year high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings data 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 business 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 38.20%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $125.26 earnings per share. On average, research analysts predict that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by corporate insiders.

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.