Aberdeen Group plc Has $5.03 Million Holdings in NVR, Inc. $NVR

Aberdeen Group plc grew its stake in shares of NVR, Inc. (NYSE:NVR) by 7.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 681 shares of the construction company’s stock after purchasing an additional 49 shares during the quarter. Aberdeen Group plc’s holdings in NVR were worth $5,030,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in shares of NVR by 150.0% during the second quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock worth $37,000 after purchasing an additional 3 shares during the period. Callan Family Office LLC bought a new position in shares of NVR during the second quarter worth approximately $281,000. Court Place Advisors LLC increased its holdings in shares of NVR by 6.8% during the second quarter. Court Place Advisors LLC now owns 172 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 11 shares during the period. US Bancorp DE increased its holdings in shares of NVR by 2.5% during the second quarter. US Bancorp DE now owns 249 shares of the construction company’s stock worth $1,839,000 after purchasing an additional 6 shares during the period. Finally, Birinyi Associates Inc. increased its holdings in shares of NVR by 6.0% during the second quarter. Birinyi Associates Inc. now owns 53 shares of the construction company’s stock worth $392,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is owned by institutional investors.

Insider Activity at NVR

In related news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the transaction, the director directly owned 386 shares of the company’s stock, valued at $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 75 shares in the company, valued at $606,183. This trade represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 975 shares of company stock valued at $7,869,360 over the last three months. 7.00% of the stock is owned by insiders.

NVR Stock Performance

Shares of NYSE:NVR opened at $7,595.15 on Friday. The company’s 50 day simple moving average is $8,070.87 and its 200 day simple moving average is $7,571.61. The stock has a market capitalization of $21.80 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 10.63 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $120.69 earnings per share. As a group, research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.