Point72 Asia Singapore Pte. Ltd. Sells 66 Shares of NVR, Inc. (NYSE:NVR)

Point72 Asia Singapore Pte. Ltd. cut its holdings in NVR, Inc. (NYSE:NVR) by 26.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 186 shares of the construction company’s stock after selling 66 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in NVR were worth $1,825,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC grew its holdings in shares of NVR by 1,100,012.1% in 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 in the last quarter. Smead Capital Management Inc. grew its holdings in shares of NVR by 3.5% in the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock valued at $355,365,000 after acquiring an additional 1,223 shares in the last quarter. Jennison Associates LLC bought a new position in shares of NVR in the third quarter valued at approximately $348,545,000. Marshfield Associates grew its holdings in shares of NVR by 0.3% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of NVR by 3.2% in 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 in the last quarter. 83.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NVR. UBS Group upped their target price on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Bank of America reduced their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Seaport Res Ptn lowered 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. According to MarketBeat.com, NVR presently has an average rating of “Hold” and an average target price of $8,783.33.

NVR Trading Up 0.5 %

NYSE:NVR opened at $9,235.58 on Monday. The company has a market cap of $28.26 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.98 and a beta of 1.20. The stock’s fifty day moving average price is $9,395.27 and its two-hundred day moving average price is $8,650.63. NVR, Inc. has a 1 year low of $6,052.58 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

NVR (NYSE:NVR) last issued 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). 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 analysts’ expectations of $2.71 billion. During the same quarter last year, the business posted $125.26 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, analysts expect that NVR, Inc. will post 494.48 EPS for the current year.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David A. Preiser sold 250 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 775 shares of company stock worth $7,294,073. Corporate 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.