ING Groep NV Decreases Position in NVR, Inc. (NYSE:NVR)

ING Groep NV reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,412 shares of the construction company’s stock after selling 169 shares during the quarter. ING Groep NV’s holdings in NVR were worth $13,854,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Metis Global Partners LLC raised its stake in shares of NVR by 1.8% during the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after purchasing an additional 2 shares during the period. Curi RMB Capital LLC grew its holdings in NVR by 1.3% during the 3rd quarter. Curi RMB Capital LLC now owns 382 shares of the construction company’s stock valued at $3,748,000 after purchasing an additional 5 shares in the last quarter. Bretton Capital Management LLC purchased a new stake in NVR during the 3rd quarter worth $6,770,000. KBC Group NV lifted its holdings in NVR by 299.9% in the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock worth $55,162,000 after buying an additional 4,216 shares in the last quarter. Finally, Fortis Capital Management LLC boosted its position in NVR by 2.8% in the 3rd quarter. Fortis Capital Management LLC now owns 624 shares of the construction company’s stock valued at $6,125,000 after buying an additional 17 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Price Performance

Shares of NYSE NVR opened at $9,179.61 on Friday. The business has a 50 day simple moving average of $9,445.21 and a 200-day simple moving average of $8,527.18. NVR, Inc. has a twelve month low of $6,052.58 and a twelve month high of $9,964.77. The company has a market capitalization of $28.09 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20. 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 issued its earnings results 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 return on equity of 38.20% and a net margin of 16.51%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the company posted $125.26 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts expect that NVR, Inc. will post 494.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on NVR shares. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America decreased their price target 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 upped their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. 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, NVR currently has an average rating of “Hold” and a consensus target price of $8,783.33.

Insider Buying and Selling

In other news, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock worth $7,294,073 over the last quarter. 7.00% of the stock is owned by company insiders.

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.