BB&T Securities LLC Sells 7 Shares of NVR, Inc. (NYSE:NVR)

BB&T Securities LLC reduced its holdings in shares of NVR, Inc. (NYSE:NVR) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129 shares of the construction company’s stock after selling 7 shares during the period. BB&T Securities LLC’s holdings in NVR were worth $481,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFM Investors Pty Ltd grew its position in NVR by 24.8% during the second quarter. IFM Investors Pty Ltd now owns 277 shares of the construction company’s stock valued at $934,000 after acquiring an additional 55 shares during the last quarter. Westpac Banking Corp grew its position in NVR by 347.6% during the second quarter. Westpac Banking Corp now owns 1,325 shares of the construction company’s stock valued at $4,466,000 after acquiring an additional 1,029 shares during the last quarter. Treasurer of the State of North Carolina grew its position in NVR by 11.2% during the second quarter. Treasurer of the State of North Carolina now owns 1,595 shares of the construction company’s stock valued at $5,376,000 after acquiring an additional 161 shares during the last quarter. Quantum Capital Management LLC NJ boosted its stake in shares of NVR by 0.6% during the second quarter. Quantum Capital Management LLC NJ now owns 14,638 shares of the construction company’s stock valued at $49,334,000 after purchasing an additional 91 shares during the period. Finally, NEXT Financial Group Inc purchased a new stake in shares of NVR during the second quarter valued at approximately $260,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

In related news, Director Charles Elliott Andrews sold 1,950 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $3,581.49, for a total value of $6,983,905.50. Following the completion of the sale, the director now owns 2,988 shares of the company’s stock, valued at $10,701,492.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey D. Martchek sold 932 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $3,805.64, for a total value of $3,546,856.48. Following the completion of the sale, the insider now directly owns 4,855 shares of the company’s stock, valued at approximately $18,476,382.20. The disclosure for this sale can be found here. Insiders sold 22,762 shares of company stock valued at $80,747,028 in the last ninety days. 11.10% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on the company. Evercore raised NVR from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered NVR from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $3,300.00 to $3,680.00 in a research note on Wednesday, September 11th. Wells Fargo & Co increased their price objective on NVR from $3,725.00 to $4,000.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. ValuEngine raised NVR from a “strong sell” rating to a “sell” rating in a research note on Monday. Finally, Evercore ISI raised NVR from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. NVR presently has a consensus rating of “Buy” and an average target price of $3,799.83.

NYSE:NVR opened at $3,588.06 on Wednesday. The firm has a market cap of $12.59 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59. NVR, Inc. has a fifty-two week low of $2,257.04 and a fifty-two week high of $3,946.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.41 and a current ratio of 4.73. The business has a 50 day moving average price of $3,642.18 and a 200-day moving average price of $3,471.61.

NVR (NYSE:NVR) last released its quarterly earnings data on Friday, October 18th. The construction company reported $56.11 earnings per share for the quarter, beating analysts’ consensus estimates of $51.52 by $4.59. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.84 billion. NVR had a return on equity of 41.69% and a net margin of 11.82%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $48.28 earnings per share. Research analysts predict that NVR, Inc. will post 212.33 EPS for the current year.

About NVR

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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