Sumitomo Mitsui Trust Group Inc. Sells 590 Shares of NVR, Inc. $NVR

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 8.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,136 shares of the construction company’s stock after selling 590 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of NVR worth $37,763,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NVR. BlackRock Inc. purchased a new stake in shares of NVR in the 2nd quarter valued at about $2,004,324,000. State Street Corp increased its holdings in shares of NVR by 0.9% during the second quarter. State Street Corp now owns 128,768 shares of the construction company’s stock valued at $877,348,000 after acquiring an additional 1,172 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NVR by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 40,154 shares of the construction company’s stock worth $264,589,000 after acquiring an additional 1,588 shares during the period. Caisse de depot et placement du Quebec bought a new position in shares of NVR during the 2nd quarter valued at approximately $194,114,000. Finally, First Trust Advisors LP grew its stake in shares of NVR by 879.9% in the 1st quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock worth $160,911,000 after buying an additional 21,926 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling

In related news, Director George Oliver purchased 63 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director directly owned 63 shares of the company’s stock, valued at approximately $405,185.13. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.60% of the company’s stock.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of research analyst reports. Weiss Ratings lowered NVR from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Morgan Stanley lowered their target price on NVR from $5,058.00 to $4,864.00 and set an “underweight” rating for the company in a report on Tuesday. Wall Street Zen downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. BTIG Research reaffirmed a “buy” rating on shares of NVR in a report on Friday, October 23rd. Finally, Bank of America downgraded NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 price objective for the company. in a research report on Friday, October 23rd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, NVR currently has an average rating of “Reduce” and a consensus price target of $6,564.83.

NVR Trading Up 5.7%

NYSE NVR opened at $6,368.26 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,200.00. The stock’s 50-day moving average is $6,108.44 and its 200-day moving average is $6,536.27. The firm has a market cap of $16.97 billion, a P/E ratio of 17.56 and a beta of 0.93.

NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, October 22nd. The construction company reported $89.45 EPS for the quarter, missing analysts’ consensus estimates of $102.77 by ($13.32). NVR had a return on equity of 29.23% and a net margin of 11.51%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the firm posted $112.33 EPS. NVR’s revenue for the quarter was down 8.2% on a year-over-year basis. Sell-side analysts anticipate that NVR, Inc. will post 350.65 earnings per share for the current fiscal year.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.