Denali Advisors LLC Purchases 45 Shares of NVR, Inc. $NVR

Denali Advisors LLC lifted its position in shares of NVR, Inc. (NYSE:NVR) by 60.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120 shares of the construction company’s stock after purchasing an additional 45 shares during the period. Denali Advisors LLC’s holdings in NVR were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners grew its holdings in shares of NVR by 14.0% during the first 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. grew its holdings in shares of NVR by 5.3% during the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company’s stock worth $408,236,000 after purchasing an additional 2,814 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NVR by 41.6% during the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock worth $379,639,000 after purchasing an additional 15,405 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of NVR by 217,591.3% during the first quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock worth $3,758,000 after purchasing an additional 50,046 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of NVR by 9,358.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock worth $356,277,000 after purchasing an additional 47,729 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of the business’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 transaction, the director directly owned 75 shares in the company, valued at approximately $606,183. This trade represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 975 shares of company stock valued at $7,869,360. 7.00% of the stock is currently owned by company insiders.

NVR Stock Performance

Shares of NVR stock opened at $7,701.78 on Thursday. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,573.04. 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 business’s 50 day simple moving average is $8,049.14 and its 200 day simple moving average is $7,584.15. The stock has a market capitalization of $22.10 billion, a PE ratio of 16.26, a PEG ratio of 10.83 and a beta of 0.94.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $107.88 by $4.45. NVR had a return on equity of 37.35% and a net margin of 14.68%.The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the firm earned $130.50 earnings per share. The company’s revenue was down 4.5% compared to the same quarter last year. As a group, research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NVR has been the topic of several research reports. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Bank of America reduced their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. UBS Group upped their target price on NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. 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, the company presently has an average rating of “Hold” and a consensus price target of $8,250.00.

NVR Company 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.