NVR, Inc. (NYSE:NVR) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC lifted its position in NVR, Inc. (NYSE:NVR) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 242 shares of the construction company’s stock after purchasing an additional 5 shares during the quarter. MML Investors Services LLC’s holdings in NVR were worth $2,374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVR. Drive Wealth Management LLC raised its position in NVR by 7.7% during the 2nd quarter. Drive Wealth Management LLC now owns 28 shares of the construction company’s stock worth $212,000 after buying an additional 2 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of NVR by 0.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company’s stock worth $2,383,000 after purchasing an additional 2 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in NVR by 8.7% during the second quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company’s stock valued at $190,000 after purchasing an additional 2 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in NVR by 13.3% during the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock worth $167,000 after purchasing an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVR. UBS Group boosted their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a report on Friday. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Bank of America dropped their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, NVR presently has a consensus rating of “Hold” and an average target price of $9,765.00.

Insider Buying and Selling

In related 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 value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David A. Preiser sold 250 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were 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 of the company’s stock, 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. Over the last 90 days, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by corporate insiders.

NVR Stock Performance

Shares of NYSE:NVR opened at $8,587.63 on Monday. 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, Inc. has a 1 year low of $6,768.02 and a 1 year high of $9,964.77. The firm has a market capitalization of $26.28 billion, a PE ratio of 17.56, a P/E/G ratio of 1.90 and a beta of 1.18. The business’s 50 day moving average price is $9,250.20 and its 200-day moving average price is $8,758.33.

NVR (NYSE:NVR) last released 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). The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $125.26 earnings per share. As a group, equities research analysts expect that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

About NVR

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.