Pacer Advisors Inc. Reduces Position in NVR, Inc. $NVR

Pacer Advisors Inc. trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 33.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,661 shares of the construction company’s stock after selling 4,781 shares during the period. Pacer Advisors Inc.’s holdings in NVR were worth $77,623,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NVR. Brighton Jones LLC grew its stake in shares of NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in NVR by 9.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 70 shares of the construction company’s stock valued at $507,000 after acquiring an additional 6 shares during the period. Jump Financial LLC grew its position in NVR by 201.6% in the 1st quarter. Jump Financial LLC now owns 193 shares of the construction company’s stock valued at $1,398,000 after acquiring an additional 129 shares during the last quarter. Redwood Investment Management LLC increased its stake in NVR by 4.0% in the first quarter. Redwood Investment Management LLC now owns 180 shares of the construction company’s stock worth $1,304,000 after purchasing an additional 7 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its position in shares of NVR by 19.8% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 417 shares of the construction company’s stock worth $3,021,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael J. Devito bought 14 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the transaction, the director owned 14 shares of the company’s stock, valued at $98,952.70. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NVR. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. BTIG Research began coverage on shares of NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. Bank of America reduced their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, UBS Group increased their price objective on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. One investment 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $8,530.50.

NVR Trading Up 0.8%

NYSE NVR opened at $7,399.89 on Friday. NVR, Inc. has a one year low of $6,562.85 and a one year high of $8,618.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.16 and a current ratio of 5.96. The company has a market capitalization of $21.02 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 9.95 and a beta of 1.01. The company’s 50-day simple moving average is $7,409.52 and its two-hundred day simple moving average is $7,670.16.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping the consensus estimate of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.89%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.54 billion. The company’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $130.50 EPS. Equities analysts forecast 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.