Los Angeles Capital Management LLC Sells 246 Shares of NVR, Inc. (NYSE:NVR)

Los Angeles Capital Management LLC trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 15.9% in the third quarter, Holdings Channel reports. The fund owned 1,297 shares of the construction company’s stock after selling 246 shares during the quarter. Los Angeles Capital Management LLC’s holdings in NVR were worth $12,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in NVR by 1,100,012.1% during the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after acquiring an additional 363,004 shares during the period. Marshfield Associates boosted its holdings in NVR by 0.3% during the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock valued at $248,290,000 after acquiring an additional 96 shares during the period. Dimensional Fund Advisors LP boosted its holdings in NVR by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock valued at $221,595,000 after acquiring an additional 906 shares during the period. TD Asset Management Inc boosted its holdings in 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 during the period. Finally, Epoch Investment Partners Inc. boosted its holdings in NVR by 56.0% during the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after acquiring an additional 8,140 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NVR has been the subject of a number of recent analyst reports. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group upped 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. Finally, Bank of America cut 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 report on Wednesday, October 23rd.

NVR Stock Down 0.6 %

Shares of NVR opened at $9,249.26 on Tuesday. The company has a 50-day simple moving average of $9,442.19 and a 200-day simple moving average of $8,508.18. The firm has a market capitalization of $28.30 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.99 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR, Inc. has a 52 week low of $5,950.21 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the company earned $125.26 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities research analysts expect that NVR, Inc. will post 496.62 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at $2,186,679. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

NVR 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.