Smead Capital Management Inc. Raises Holdings in NVR, Inc. (NYSE:NVR)

Smead Capital Management Inc. boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,218 shares of the construction company’s stock after purchasing an additional 1,223 shares during the quarter. NVR comprises 5.1% of Smead Capital Management Inc.’s holdings, making the stock its 8th largest holding. Smead Capital Management Inc. owned 1.18% of NVR worth $355,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV raised its stake in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after buying an additional 2 shares during the last quarter. Blue Trust Inc. purchased a new stake in NVR in the third quarter valued at about $39,000. Rakuten Securities Inc. purchased a new stake in NVR in the third quarter valued at about $39,000. Redwood Wealth Management Group LLC purchased a new stake in NVR in the second quarter valued at about $46,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in NVR in the second quarter valued at about $53,000. Institutional investors own 83.67% of the company’s stock.

NVR Trading Down 1.8 %

Shares of NYSE:NVR opened at $8,860.00 on Tuesday. NVR, Inc. has a 52-week low of $6,052.58 and a 52-week high of $9,964.77. The stock has a market cap of $27.11 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 1.94 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $9,438.84 and a 200-day moving average price of $8,562.80.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $2,186,679. The trade was a 35.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $2,325,660.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is owned by company insiders.

NVR Company 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.