Asset Management One Co. Ltd. Has $9.25 Million Stock Holdings in NVR, Inc. $NVR

Asset Management One Co. Ltd. cut its holdings in shares of NVR, Inc. (NYSE:NVR) by 1.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,252 shares of the construction company’s stock after selling 23 shares during the quarter. Asset Management One Co. Ltd.’s holdings in NVR were worth $9,247,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Boston Partners raised its holdings 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. increased its stake in 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 purchasing an additional 2,814 shares in the last quarter. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 15,405 shares in the last quarter. Jones Financial Companies Lllp increased its stake in 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 purchasing an additional 50,046 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in 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 purchasing an additional 47,729 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Up 0.1%

Shares of NVR stock opened at $7,436.72 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,527.85. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 10.04 and a beta of 0.94. The company’s 50 day moving average price is $8,008.47 and its 200-day moving average price is $7,605.78.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $107.88 by $4.45. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The business’s revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the business earned $130.50 earnings per share. Equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Bank of America cut their price objective 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. UBS Group upped their price objective on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target 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. Finally, Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8,366.67.

Insider Activity at NVR

In other news, Director Alexandra A. Jung sold 200 shares of the business’s stock in a transaction 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 sale, the director owned 75 shares in the company, valued at approximately $606,183. The trade was a 72.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan Williamson Ross sold 125 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the sale, the director owned 386 shares in the company, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock worth $7,869,360 over the last quarter. Corporate insiders own 7.00% of the company’s stock.

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.