Allianz Asset Management GmbH Sells 3,960 Shares of NVR, Inc. $NVR

Allianz Asset Management GmbH decreased its holdings in NVR, Inc. (NYSE:NVR) by 54.1% in the second quarter, HoldingsChannel.com reports. The fund owned 3,360 shares of the construction company’s stock after selling 3,960 shares during the quarter. Allianz Asset Management GmbH’s holdings in NVR were worth $24,816,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Ballentine Partners LLC boosted its stake in shares of NVR by 6.7% in the first quarter. Ballentine Partners LLC now owns 32 shares of the construction company’s stock worth $232,000 after acquiring an additional 2 shares during the period. Baird Financial Group Inc. boosted its stake in shares of NVR by 4.2% in the first quarter. Baird Financial Group Inc. now owns 50 shares of the construction company’s stock worth $362,000 after acquiring an additional 2 shares during the period. Nissay Asset Management Corp Japan ADV boosted its stake in shares of NVR by 0.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company’s stock worth $2,796,000 after acquiring an additional 2 shares during the period. Fifth Third Bancorp boosted its stake in shares of NVR by 6.5% in the second quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock worth $244,000 after acquiring an additional 2 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of NVR by 4.2% in the second quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock worth $369,000 after acquiring an additional 2 shares during the period. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the subject of a number of recent analyst reports. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. boosted their target price on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. UBS Group boosted their target price on NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Bank of America decreased their target price on 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. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8,250.00.

Insider Activity

In other news, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alexandra A. Jung sold 200 shares of the firm’s 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 value of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares of the company’s stock, valued at $606,183. The trade was a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 975 shares of company stock valued at $7,869,360 in the last ninety days. Insiders own 7.80% of the company’s stock.

NVR Price Performance

NYSE:NVR opened at $7,650.93 on Monday. The company has a market capitalization of $21.96 billion, a P/E ratio of 16.15, a P/E/G ratio of 10.62 and a beta of 0.94. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The business’s 50-day moving average is $8,066.86 and its 200 day moving average is $7,579.86. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company earned $120.69 EPS. On average, equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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.