Miller Investment Management LP Trims Stock Position in NVR, Inc. $NVR

Miller Investment Management LP lessened its stake in NVR, Inc. (NYSE:NVR) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,577 shares of the construction company’s stock after selling 9 shares during the period. NVR comprises 1.2% of Miller Investment Management LP’s portfolio, making the stock its 18th largest holding. Miller Investment Management LP’s holdings in NVR were worth $11,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in NVR. Brighton Jones LLC grew its holdings in shares of NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after buying an additional 31 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in NVR by 9.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,587 shares of the construction company’s stock valued at $62,204,000 after acquiring an additional 720 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in NVR by 3.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 819 shares of the construction company’s stock worth $5,933,000 after acquiring an additional 27 shares during the period. Leavell Investment Management Inc. lifted its position in NVR by 2.4% during the 1st quarter. Leavell Investment Management Inc. now owns 213 shares of the construction company’s stock worth $1,543,000 after acquiring an additional 5 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of NVR by 25.9% in the 1st quarter. Cerity Partners LLC now owns 379 shares of the construction company’s stock valued at $2,746,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Bank of America reduced their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, UBS Group lifted their target price on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus target price of $8,366.67.

NVR Stock Up 0.7%

Shares of NYSE NVR opened at $7,242.58 on Friday. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,376.75. The firm has a 50-day moving average price of $7,852.22 and a 200 day moving average price of $7,607.02. The stock has a market capitalization of $20.79 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 9.94 and a beta of 0.93.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping the consensus estimate of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.81%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the business posted $130.50 earnings per share. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Insider Buying and Selling

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the business’s stock in a transaction on 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 approximately $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexandra A. Jung sold 200 shares of the company’s stock in a transaction 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 in the company, valued at $606,183. This trade represents a 72.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 850 shares of company stock worth $6,888,075 in the last quarter. Company insiders own 7.00% of the company’s stock.

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.