Metropolitan Life Insurance Co NY lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 39.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 671 shares of the construction company’s stock after selling 444 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in NVR were worth $2,494,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of NVR. Westpac Banking Corp grew its holdings in NVR by 347.6% in the 2nd quarter. Westpac Banking Corp now owns 1,325 shares of the construction company’s stock worth $4,466,000 after acquiring an additional 1,029 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of NVR by 11.2% during the second quarter. Treasurer of the State of North Carolina now owns 1,595 shares of the construction company’s stock valued at $5,376,000 after acquiring an additional 161 shares during the last quarter. Montag A & Associates Inc. raised its stake in shares of NVR by 19.6% during the third quarter. Montag A & Associates Inc. now owns 171 shares of the construction company’s stock valued at $636,000 after acquiring an additional 28 shares during the last quarter. Usca Ria LLC purchased a new stake in shares of NVR during the third quarter worth about $26,000. Finally, Quantum Capital Management LLC NJ boosted its holdings in shares of NVR by 0.6% during the second quarter. Quantum Capital Management LLC NJ now owns 14,638 shares of the construction company’s stock worth $49,334,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.
Shares of NYSE NVR opened at $3,758.00 on Tuesday. The firm has a fifty day simple moving average of $3,670.25 and a two-hundred day simple moving average of $3,519.83. NVR, Inc. has a 12 month low of $2,285.00 and a 12 month high of $3,946.50. The company has a current ratio of 4.73, a quick ratio of 2.41 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $13.95 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.63 and a beta of 0.59.
NVR (NYSE:NVR) last announced its earnings results on Friday, October 18th. The construction company reported $56.11 earnings per share for the quarter, beating analysts’ consensus estimates of $51.52 by $4.59. NVR had a net margin of 11.82% and a return on equity of 41.69%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm posted $48.28 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, sell-side analysts predict that NVR, Inc. will post 213.43 earnings per share for the current year.
In other news, Director Dwight C. Schar sold 7,163 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $3,436.92, for a total value of $24,618,657.96. Following the completion of the transaction, the director now owns 44,230 shares of the company’s stock, valued at approximately $152,014,971.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey D. Martchek sold 529 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $3,668.34, for a total value of $1,940,551.86. Following the completion of the transaction, the insider now directly owns 4,452 shares of the company’s stock, valued at approximately $16,331,449.68. The disclosure for this sale can be found here. Insiders sold 21,692 shares of company stock valued at $78,100,018 over the last 90 days. 11.10% of the stock is currently owned by company insiders.
A number of research analysts recently issued reports on the company. ValuEngine upgraded NVR from a “strong sell” rating to a “sell” rating in a report on Monday, November 11th. Evercore upgraded NVR from an “in-line” rating to an “outperform” rating in a report on Friday, August 9th. 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 research report on Monday, October 21st. Evercore ISI raised NVR from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. cut NVR from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $3,300.00 to $3,680.00 in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. NVR currently has a consensus rating of “Buy” and an average target price of $3,799.83.
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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