BlackRock Inc. Cuts Stock Position in NVR, Inc. (NYSE:NVR)

BlackRock Inc. lowered its position in NVR, Inc. (NYSE:NVR) by 0.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 278,947 shares of the construction company’s stock after selling 793 shares during the period. BlackRock Inc. owned approximately 0.08% of NVR worth $1,337,294,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NVR. First Horizon Advisors Inc. grew its position in shares of NVR by 4,650.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 190 shares of the construction company’s stock worth $31,000 after buying an additional 186 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of NVR by 133.3% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 7 shares of the construction company’s stock worth $34,000 after buying an additional 4 shares during the last quarter. Maverick Capital Ltd. purchased a new position in shares of NVR in the 2nd quarter worth approximately $35,000. Moors & Cabot Inc. grew its position in shares of NVR by 39,900.0% in the 3rd quarter. Moors & Cabot Inc. now owns 40,000 shares of the construction company’s stock worth $43,000 after buying an additional 39,900 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in NVR by 266.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11 shares of the construction company’s stock worth $55,000 after purchasing an additional 8 shares during the last quarter. 83.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE NVR opened at $5,718.00 on Friday. The company has a current ratio of 6.18, a quick ratio of 3.84 and a debt-to-equity ratio of 0.50. NVR, Inc. has a 12 month low of $3,950.62 and a 12 month high of $5,982.44. The company has a 50 day simple moving average of $5,556.12 and a two-hundred day simple moving average of $5,211.81. The stock has a market cap of $19.92 billion, a price-to-earnings ratio of 18.50 and a beta of 1.00.

NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, October 21st. The construction company reported $86.44 EPS for the quarter, missing the consensus estimate of $88.77 by ($2.33). NVR had a net margin of 13.73% and a return on equity of 39.55%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the firm posted $65.11 earnings per share. The business’s revenue was up 21.7% on a year-over-year basis. Analysts forecast that NVR, Inc. will post 331.52 EPS for the current year.

NVR declared that its board has initiated a stock repurchase plan on Wednesday, November 3rd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In related news, Director Thomas D. Eckert sold 1,300 shares of the business’s stock in a transaction on Tuesday, November 30th. The shares were sold at an average price of $5,242.15, for a total value of $6,814,795.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew B. Kelpy bought 100 shares of the firm’s stock in a transaction that occurred on Monday, October 25th. The stock was purchased at an average price of $4,860.00 per share, with a total value of $486,000.00. The disclosure for this purchase can be found here. Insiders own 9.00% of the company’s stock.

Several analysts have weighed in on NVR shares. Zacks Investment Research downgraded shares of NVR from a “buy” rating to a “hold” rating and set a $5,217.00 target price on the stock. in a research report on Tuesday, September 21st. JPMorgan Chase & Co. dropped their target price on shares of NVR from $6,300.00 to $5,770.00 and set a “neutral” rating on the stock in a research report on Thursday, October 14th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5,359.25.

About NVR

NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following segments: Homebuilding and Mortgage Banking. The Homebuilding segment sells and builds homes under the trade names Ryan Homes, NVHomes, Fox Ridge Homes and Heartland Homes.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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