Wedge Capital Management L L P NC Has $6.74 Million Holdings in NVR, Inc. $NVR

Wedge Capital Management L L P NC raised its position in NVR, Inc. (NYSE:NVR) by 17.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 839 shares of the construction company’s stock after purchasing an additional 123 shares during the period. Wedge Capital Management L L P NC’s holdings in NVR were worth $6,741,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of NVR. Jump Financial LLC raised its position in shares of NVR by 201.6% in the 1st quarter. Jump Financial LLC now owns 193 shares of the construction company’s stock worth $1,398,000 after acquiring an additional 129 shares in the last quarter. Nomura Holdings Inc. increased its holdings in NVR by 39.8% in the first quarter. Nomura Holdings Inc. now owns 137 shares of the construction company’s stock worth $992,000 after purchasing an additional 39 shares in the last quarter. Candriam S.C.A. lifted its stake in NVR by 86.5% in the first quarter. Candriam S.C.A. now owns 317 shares of the construction company’s stock valued at $2,296,000 after buying an additional 147 shares during the period. Graham Capital Management L.P. bought a new position in shares of NVR during the 1st quarter worth approximately $1,630,000. Finally, Algert Global LLC bought a new position in shares of NVR during the 1st quarter worth approximately $724,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVR

In other news, Director Michael J. Devito purchased 14 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the transaction, the director directly owned 14 shares of the company’s stock, valued at approximately $98,952.70. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. BTIG Research began coverage on shares of NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective on the stock. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, Bank of America decreased their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, NVR currently has a consensus rating of “Moderate Buy” and an average target price of $8,530.50.

NVR Stock Down 2.3%

NVR stock opened at $7,391.06 on Monday. The firm has a market capitalization of $20.99 billion, a PE ratio of 16.22, a P/E/G ratio of 9.97 and a beta of 1.01. The company has a quick ratio of 3.16, a current ratio of 5.96 and a debt-to-equity ratio of 0.23. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $8,618.28. The stock’s 50 day moving average is $7,430.29 and its 200-day moving average is $7,670.98.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $107.88 by $4.45. NVR had a return on equity of 35.89% and a net margin of 14.00%.The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the company posted $130.50 earnings per share. NVR’s revenue was down 4.5% compared to the same quarter last year. Sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.