Pure Financial Advisors LLC Cuts Stake in NVR, Inc. (NYSE:NVR)

Pure Financial Advisors LLC lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 317 shares of the construction company’s stock after selling 3 shares during the quarter. Pure Financial Advisors LLC’s holdings in NVR were worth $3,110,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after buying an additional 363,004 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of NVR by 143.8% during the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock valued at $182,277,000 after acquiring an additional 14,167 shares in the last quarter. Acadian Asset Management LLC boosted its stake in NVR by 321.1% in the 1st quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company’s stock worth $116,389,000 after purchasing an additional 10,958 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in NVR by 98.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock worth $141,498,000 after purchasing an additional 8,684 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in NVR by 56.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after purchasing an additional 8,140 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $2,186,679. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,955,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group raised their target price on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Bank of America decreased their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd.

NVR Trading Down 0.1 %

Shares of NYSE:NVR opened at $9,139.39 on Friday. The company has a market capitalization of $28.15 billion, a PE ratio of 18.68, a PEG ratio of 1.95 and a beta of 1.20. NVR, Inc. has a 12-month low of $5,600.56 and a 12-month high of $9,964.77. The business has a 50 day moving average of $9,420.22 and a two-hundred day moving average of $8,432.82. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the firm posted $125.26 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, analysts forecast that NVR, Inc. will post 496.62 EPS for the current year.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.