NVR, Inc. $NVR Shares Bought by US Bancorp DE

US Bancorp DE grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 249 shares of the construction company’s stock after purchasing an additional 6 shares during the quarter. US Bancorp DE’s holdings in NVR were worth $1,839,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Boston Partners boosted its stake in NVR by 14.0% during the 1st quarter. Boston Partners now owns 59,077 shares of the construction company’s stock worth $427,962,000 after purchasing an additional 7,233 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of NVR by 5.3% during the 1st quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company’s stock valued at $408,236,000 after acquiring an additional 2,814 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of NVR by 41.6% during the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock valued at $379,639,000 after acquiring an additional 15,405 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of NVR by 217,591.3% during the 1st quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock valued at $3,758,000 after acquiring an additional 50,046 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of NVR by 9,358.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock valued at $356,277,000 after acquiring an additional 47,729 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVR. Bank of America lowered their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. UBS Group boosted their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. boosted their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, NVR has an average rating of “Hold” and an average price target of $8,250.00.

Insider Transactions at NVR

In other news, Director Alexandra A. Jung sold 200 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the sale, the director owned 75 shares of the company’s stock, valued at approximately $606,183. This represents a 72.73% decrease in their ownership of the stock. 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 600 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 975 shares of company stock valued at $7,869,360. 7.00% of the stock is currently owned by corporate insiders.

NVR Trading Down 1.2%

NYSE NVR opened at $7,644.56 on Thursday. The firm’s 50-day moving average is $8,075.37 and its two-hundred day moving average is $7,569.32. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The stock has a market capitalization of $21.94 billion, a P/E ratio of 16.13, a PEG ratio of 10.76 and a beta of 0.94.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $120.69 earnings per share. On average, sell-side analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

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.