Impala Asset Management LLC cut its holdings in NVR, Inc. (NYSE:NVR) by 26.7% in the third quarter, HoldingsChannel reports. The firm owned 42,056 shares of the construction company’s stock after selling 15,335 shares during the quarter. NVR accounts for 2.8% of Impala Asset Management LLC’s portfolio, making the stock its 8th largest position. Impala Asset Management LLC’s holdings in NVR were worth $103,912,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Navellier & Associates Inc grew its holdings in shares of NVR by 5.1% in the second quarter. Navellier & Associates Inc now owns 436 shares of the construction company’s stock valued at $1,295,000 after purchasing an additional 21 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in NVR by 1.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 1,917 shares of the construction company’s stock worth $4,737,000 after buying an additional 23 shares during the period. Cerebellum GP LLC boosted its stake in NVR by 57.8% during the third quarter. Cerebellum GP LLC now owns 71 shares of the construction company’s stock worth $175,000 after buying an additional 26 shares during the period. Vident Investment Advisory LLC boosted its stake in NVR by 17.2% during the third quarter. Vident Investment Advisory LLC now owns 184 shares of the construction company’s stock worth $455,000 after buying an additional 27 shares during the period. Finally, IFM Investors Pty Ltd boosted its stake in NVR by 17.1% during the third quarter. IFM Investors Pty Ltd now owns 192 shares of the construction company’s stock worth $474,000 after buying an additional 28 shares during the period. 77.99% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Jeffrey D. Martchek sold 4,411 shares of NVR stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $2,385.93, for a total transaction of $10,524,337.23. Following the completion of the sale, the insider now directly owns 8,609 shares in the company, valued at $20,540,471.37. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Melquiades R. Martinez bought 60 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were acquired at an average price of $2,359.50 per share, with a total value of $141,570.00. Following the completion of the transaction, the director now owns 191 shares of the company’s stock, valued at approximately $450,664.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 25,464 shares of company stock valued at $56,404,167. Corporate insiders own 12.00% of the company’s stock.

NVR has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Bank of America lowered shares of NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 price objective for the company. in a research note on Thursday, October 18th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $2,410.00 price objective (down from $3,780.00) on shares of NVR in a research note on Friday, October 19th. ValuEngine lowered shares of NVR from a “sell” rating to a “strong sell” rating in a research note on Friday, September 28th. Finally, MKM Partners dropped their price objective on shares of NVR to $3,100.00 and set a “neutral” rating for the company in a research note on Friday, August 3rd. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $3,104.33.

NYSE NVR opened at $2,444.19 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 3.74 and a debt-to-equity ratio of 0.36. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.94 and a beta of 0.62. NVR, Inc. has a 52 week low of $2,040.71 and a 52 week high of $3,700.00.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, October 18th. The construction company reported $48.28 EPS for the quarter, missing the consensus estimate of $50.94 by ($2.66). The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. NVR had a return on equity of 47.30% and a net margin of 10.10%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $38.02 earnings per share. Analysts predict that NVR, Inc. will post 185.25 EPS for the current fiscal year.

NVR announced that its board has authorized a stock repurchase program on Wednesday, August 1st that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to purchase up to 3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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