Drive Wealth Management LLC Purchases 3 Shares of NVR, Inc. (NYSE:NVR)

Drive Wealth Management LLC boosted its position in shares of NVR, Inc. (NYSE:NVR) by 10.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31 shares of the construction company’s stock after acquiring an additional 3 shares during the quarter. Drive Wealth Management LLC’s holdings in NVR were worth $304,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NVR. International Assets Investment Management LLC raised its stake in NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after buying an additional 363,004 shares during the period. Marshfield Associates increased its holdings in shares of NVR by 0.3% in the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock valued at $248,290,000 after purchasing an additional 96 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in NVR by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock valued at $221,595,000 after buying an additional 906 shares during the last quarter. TD Asset Management Inc lifted its position in NVR by 143.8% during the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock worth $182,277,000 after acquiring an additional 14,167 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of NVR by 56.0% during the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock worth $172,109,000 after acquiring an additional 8,140 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $2,186,679. The trade was a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock worth $7,294,073 in the last 90 days. Insiders own 7.00% of the company’s stock.

NVR Trading Down 1.8 %

Shares of NVR stock opened at $8,860.00 on Tuesday. The firm’s 50 day moving average is $9,438.84 and its 200 day moving average is $8,562.80. The firm has a market capitalization of $27.11 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. NVR, Inc. has a 1 year low of $6,052.58 and a 1 year high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm posted $125.26 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts forecast that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on NVR shares. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group increased their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Bank of America lowered their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, NVR presently has an average rating of “Hold” and a consensus price target of $8,783.33.

NVR Profile

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.