NVR, Inc. (NYSE:NVR) Shares Acquired by Townsend & Associates Inc

Townsend & Associates Inc increased its holdings in NVR, Inc. (NYSE:NVR) by 6.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 408 shares of the construction company’s stock after acquiring an additional 26 shares during the period. Townsend & Associates Inc’s holdings in NVR were worth $3,840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SpiderRock Advisors LLC acquired a new position in NVR in the third quarter valued at about $1,970,000. Leavell Investment Management Inc. raised its stake in shares of NVR by 2.0% in the 3rd quarter. Leavell Investment Management Inc. now owns 208 shares of the construction company’s stock valued at $2,041,000 after acquiring an additional 4 shares during the period. Summit Global Investments lifted its holdings in shares of NVR by 2.8% in the 3rd quarter. Summit Global Investments now owns 943 shares of the construction company’s stock worth $9,253,000 after acquiring an additional 26 shares during the last quarter. Catalina Capital Group LLC purchased a new position in shares of NVR during the 3rd quarter worth approximately $216,000. Finally, Marks Group Wealth Management Inc increased its holdings in NVR by 4.1% in the 3rd quarter. Marks Group Wealth Management Inc now owns 557 shares of the construction company’s stock valued at $5,465,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on NVR. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America decreased their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, UBS Group lifted their target price on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd.

NVR Price Performance

Shares of NYSE NVR opened at $9,306.94 on Friday. The stock’s 50-day moving average is $9,440.66 and its two-hundred day moving average is $8,487.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The company has a market cap of $28.48 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. NVR, Inc. has a 1-year low of $5,818.01 and a 1-year high of $9,964.77.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $125.26 EPS. Analysts forecast that NVR, Inc. will post 496.62 EPS for the current fiscal year.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $2,186,679. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at $2,186,679. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at $1,965,600. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.