Principal Financial Group Inc. Sells 276 Shares of NVR, Inc. (NYSE:NVR)

Principal Financial Group Inc. trimmed its position in NVR, Inc. (NYSE:NVR) by 0.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 51,989 shares of the construction company’s stock after selling 276 shares during the quarter. Principal Financial Group Inc.’s holdings in NVR were worth $510,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVR. International Assets Investment Management LLC increased its holdings in NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after purchasing an additional 363,004 shares in the last quarter. Marshfield Associates increased its holdings in NVR by 0.3% during the 2nd quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock worth $248,290,000 after purchasing an additional 96 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in NVR by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock worth $221,595,000 after purchasing an additional 906 shares in the last quarter. TD Asset Management Inc increased its holdings in NVR by 143.8% during the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock worth $182,277,000 after purchasing an additional 14,167 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in NVR by 56.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock worth $172,109,000 after purchasing an additional 8,140 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly 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 legal filing with the SEC, which is available at this hyperlink. In related news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,955,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the company’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 value of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

NVR Stock Performance

NVR stock opened at $9,202.54 on Thursday. The firm has a market cap of $28.34 billion, a PE ratio of 18.81, a P/E/G ratio of 1.98 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $9,434.23 and a 200-day moving average of $8,472.38. NVR, Inc. has a 12-month low of $5,818.01 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last released its 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). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $125.26 earnings per share. As a group, sell-side analysts expect that NVR, Inc. will post 496.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group boosted their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Bank of America decreased 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.

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.