NVR, Inc. (NVR) Stake Lowered by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale lowered its holdings in NVR, Inc. (NYSE:NVR) by 27.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 302 shares of the construction company’s stock after selling 112 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NVR were worth $851,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in NVR. Flagship Harbor Advisors LLC purchased a new stake in shares of NVR in the second quarter valued at $109,000. Cerebellum GP LLC grew its position in shares of NVR by 57.8% in the third quarter. Cerebellum GP LLC now owns 71 shares of the construction company’s stock valued at $175,000 after purchasing an additional 26 shares during the period. WealthPLAN Partners LLC purchased a new stake in shares of NVR in the second quarter valued at $220,000. Moneta Group Investment Advisors LLC grew its position in shares of NVR by 102.6% in the second quarter. Moneta Group Investment Advisors LLC now owns 79 shares of the construction company’s stock valued at $235,000 after purchasing an additional 40 shares during the period. Finally, Bbva Compass Bancshares Inc. purchased a new stake in shares of NVR in the third quarter valued at $284,000. 78.74% of the stock is owned by institutional investors and hedge funds.
In other NVR news, insider Robert W. Henley sold 4,203 shares of the business’s stock in a transaction dated Thursday, October 25th. The stock was sold at an average price of $2,131.63, for a total transaction of $8,959,240.89. Following the completion of the sale, the insider now owns 797 shares of the company’s stock, valued at $1,698,909.11. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey D. Martchek sold 1,699 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $2,482.93, for a total value of $4,218,498.07. Following the sale, the insider now directly owns 4,774 shares of the company’s stock, valued at approximately $11,853,507.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,163 shares of company stock valued at $57,909,385. 11.30% of the stock is owned by company insiders.
NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, October 18th. The construction company reported $48.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $50.94 by ($2.66). NVR had a net margin of 10.10% and a return on equity of 47.30%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm posted $38.02 EPS. NVR’s revenue was up 8.8% on a year-over-year basis. On average, research analysts anticipate that NVR, Inc. will post 185.25 earnings per share for the current year.
A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded NVR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Bank of America downgraded NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 price target for the company. in a research report on Thursday, October 18th. ValuEngine raised NVR from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 20th. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $2,410.00 price target (down previously from $3,780.00) on shares of NVR in a research report on Friday, October 19th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. NVR presently has a consensus rating of “Hold” and an average target price of $3,104.33.
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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