Mizuho Securities USA LLC Grows Stake in NVR, Inc. (NYSE:NVR)

Mizuho Securities USA LLC increased its holdings in shares of NVR, Inc. (NYSE:NVR) by 6,454.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,518 shares of the construction company’s stock after purchasing an additional 16,266 shares during the quarter. NVR makes up approximately 0.4% of Mizuho Securities USA LLC’s portfolio, making the stock its 28th biggest position. Mizuho Securities USA LLC owned approximately 0.54% of NVR worth $162,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in shares of NVR by 13.3% during the first quarter. US Bancorp DE now owns 204 shares of the construction company’s stock worth $1,652,000 after purchasing an additional 24 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in NVR during the first quarter worth approximately $923,000. Mitsubishi UFJ Trust & Banking Corp increased its position in NVR by 1.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock worth $44,791,000 after buying an additional 71 shares during the period. Intech Investment Management LLC lifted its stake in NVR by 84.8% in the first quarter. Intech Investment Management LLC now owns 85 shares of the construction company’s stock valued at $688,000 after buying an additional 39 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of NVR by 321.1% in the first quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company’s stock valued at $116,389,000 after acquiring an additional 10,958 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVR news, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction dated 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. This trade represents a 51.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. This represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

NVR Stock Down 1.6 %

NVR opened at $9,033.21 on Friday. NVR, Inc. has a 12 month low of $6,052.58 and a 12 month high of $9,964.77. 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 business has a 50 day simple moving average of $9,444.50 and a 200-day simple moving average of $8,537.55. The stock has a market capitalization of $27.64 billion, a P/E ratio of 18.47, a P/E/G ratio of 1.95 and a beta of 1.20.

NVR (NYSE:NVR) last posted its quarterly 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 analyst estimates of $2.71 billion. During the same period last year, the company earned $125.26 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts anticipate that NVR, Inc. will post 494.87 earnings per share for the current fiscal year.

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.