Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in NVR, Inc. $NVR

Sumitomo Mitsui Trust Group Inc. lowered its position in NVR, Inc. (NYSE:NVR) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,796 shares of the construction company’s stock after selling 536 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of NVR worth $62,638,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Boston Partners boosted its stake in shares of NVR by 9.9% in the second quarter. Boston Partners now owns 64,952 shares of the construction company’s stock worth $479,900,000 after acquiring an additional 5,875 shares during the period. Invesco Ltd. lifted its holdings in NVR by 7.5% in the 2nd quarter. Invesco Ltd. now owns 37,668 shares of the construction company’s stock worth $278,203,000 after purchasing an additional 2,629 shares in the last quarter. Norges Bank bought a new position in NVR in the 2nd quarter worth approximately $268,447,000. First Trust Advisors LP grew its holdings in NVR by 3.7% during the 2nd quarter. First Trust Advisors LP now owns 25,017 shares of the construction company’s stock valued at $184,768,000 after buying an additional 894 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of NVR by 0.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 21,607 shares of the construction company’s stock valued at $159,582,000 after buying an additional 132 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael J. Devito acquired 14 shares of NVR 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 transaction, the director directly owned 14 shares of the company’s stock, valued at $98,952.70. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 7.00% of the company’s stock.

NVR Price Performance

Shares of NVR stock opened at $7,583.86 on Thursday. The stock has a market cap of $21.53 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 10.41 and a beta of 1.01. 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 stock has a 50 day moving average price of $7,396.43 and a 200-day moving average price of $7,689.99. NVR, Inc. has a one year low of $6,562.85 and a one year high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 EPS 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 company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the firm earned $130.50 earnings per share. NVR’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Bank of America dropped their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. UBS Group decreased their target price on NVR from $8,500.00 to $8,150.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Finally, BTIG Research started coverage on NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8,443.00.

NVR Company Profile

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.