NVR, Inc. (NYSE:NVR) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in shares of NVR, Inc. (NYSE:NVR) by 170.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,070 shares of the construction company’s stock after acquiring an additional 674 shares during the quarter. Daiwa Securities Group Inc.’s holdings in NVR were worth $10,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its stake in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of NVR in the third quarter valued at about $39,000. Rakuten Securities Inc. purchased a new position in shares of NVR in the third quarter worth about $39,000. Redwood Wealth Management Group LLC acquired a new position in NVR during the second quarter worth about $46,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in NVR in the 2nd quarter valued at about $53,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $9,007.24 on Monday. The business’s fifty day simple moving average is $9,422.94 and its 200-day simple moving average is $8,600.83. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm has a market cap of $27.56 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. NVR, Inc. has a 52 week low of $6,052.58 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS 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 company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the company earned $125.26 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts forecast that NVR, Inc. will post 494.48 earnings per share for the current year.

Analyst Ratings Changes

NVR has been the topic of several recent research reports. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. 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. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Bank of America reduced their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8,783.33.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the sale, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Preiser sold 250 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 775 shares of company stock valued at $7,294,073. Company insiders own 7.00% of the company’s stock.

NVR Company Profile

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.