Symmetry Partners LLC Purchases New Shares in NVR, Inc. (NYSE:NVR)

Symmetry Partners LLC purchased a new stake in NVR, Inc. (NYSE:NVR) in the third quarter, Holdings Channel.com reports. The fund purchased 82 shares of the construction company’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVR. US Bancorp DE increased its position in shares of NVR by 3.8% during the 2nd quarter. US Bancorp DE now owns 81 shares of the construction company’s stock valued at $272,000 after purchasing an additional 3 shares during the last quarter. Advisor Partners LLC increased its position in shares of NVR by 3.0% during the 3rd quarter. Advisor Partners LLC now owns 104 shares of the construction company’s stock valued at $387,000 after purchasing an additional 3 shares during the last quarter. Cim LLC increased its position in shares of NVR by 1.9% during the 3rd quarter. Cim LLC now owns 215 shares of the construction company’s stock valued at $799,000 after purchasing an additional 4 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of NVR by 66.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 15 shares of the construction company’s stock valued at $53,000 after purchasing an additional 6 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of NVR by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 193 shares of the construction company’s stock valued at $650,000 after purchasing an additional 7 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

In other NVR news, CEO Paul C. Saville sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $3,578.52, for a total value of $17,892,600.00. Following the completion of the transaction, the chief executive officer now owns 115,770 shares in the company, valued at approximately $414,285,260.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel David Malzahn sold 76 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $3,715.53, for a total value of $282,380.28. Following the completion of the transaction, the chief financial officer now owns 2,647 shares of the company’s stock, valued at approximately $9,835,007.91. The disclosure for this sale can be found here. In the last three months, insiders sold 16,900 shares of company stock valued at $60,752,453. 11.10% of the stock is currently owned by insiders.

NVR traded down $4.17 during trading hours on Friday, hitting $3,423.25. The stock had a trading volume of 24,314 shares, compared to its average volume of 28,877. The company’s fifty day simple moving average is $3,651.70 and its 200 day simple moving average is $3,467.07. NVR, Inc. has a 1 year low of $2,257.04 and a 1 year high of $3,946.50. The stock has a market cap of $12.53 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.46 and a beta of 0.59. The company has a quick ratio of 2.41, a current ratio of 4.73 and a debt-to-equity ratio of 0.29.

NVR (NYSE:NVR) last announced its quarterly earnings data on Friday, October 18th. The construction company reported $56.11 earnings per share for the quarter, topping the consensus estimate of $51.52 by $4.59. NVR had a return on equity of 41.69% and a net margin of 11.82%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm posted $48.28 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts expect that NVR, Inc. will post 212.33 EPS for the current year.

NVR has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered NVR from a “neutral” rating to an “underweight” rating and raised their target price for the company from $3,300.00 to $3,680.00 in a research report on Wednesday, September 11th. Bank of America raised NVR from a “neutral” rating to a “buy” rating and set a $4,150.00 target price for the company in a research report on Wednesday. They noted that the move was a valuation call. ValuEngine lowered NVR from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th. Evercore raised NVR from an “in-line” rating to an “outperform” rating in a report on Friday, August 9th. Finally, Wells Fargo & Co lifted their price objective on NVR from $3,725.00 to $4,000.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $3,799.83.

About NVR

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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