First Trust Direct Indexing L.P. Acquires 80 Shares of NVR, Inc. (NYSE:NVR)

First Trust Direct Indexing L.P. boosted its holdings in NVR, Inc. (NYSE:NVR) by 258.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111 shares of the construction company’s stock after purchasing an additional 80 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in NVR were worth $1,090,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp raised its position in shares of NVR by 7.8% in the first quarter. Van ECK Associates Corp now owns 687 shares of the construction company’s stock valued at $5,565,000 after buying an additional 50 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of NVR by 0.4% in the first quarter. Retirement Systems of Alabama now owns 705 shares of the construction company’s stock worth $5,710,000 after purchasing an additional 3 shares during the period. BNP Paribas Financial Markets raised its stake in NVR by 13.5% in the first quarter. BNP Paribas Financial Markets now owns 3,836 shares of the construction company’s stock valued at $31,071,000 after purchasing an additional 455 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in NVR by 2.8% during the first quarter. Janney Montgomery Scott LLC now owns 943 shares of the construction company’s stock worth $7,638,000 after purchasing an additional 26 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new stake in NVR during the first quarter worth about $486,000. Institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

NVR has been the subject of several analyst reports. Bank of America dropped their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. UBS Group boosted their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd.

Insider Transactions at NVR

In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the business’s 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 of the company’s stock, valued at $2,186,679. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 200 shares of the company’s 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 transaction of $1,700,000.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,955,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

NVR Stock Down 0.1 %

Shares of NYSE NVR opened at $9,139.39 on Friday. The company has a market cap of $28.13 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.94 and a beta of 1.19. 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, Inc. has a 12 month low of $5,600.56 and a 12 month high of $9,964.77. The stock has a 50-day moving average price of $9,420.22 and a two-hundred day moving average price of $8,432.82.

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

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.