Pitcairn Co. recently adjusted its investment in NVR, Inc. (NYSE: NVR) by reducing its holdings by 35.9% in the third quarter, as detailed in their latest SEC filing. This change means Pitcairn Co. now holds 41 shares in this construction company after offloading 23 shares during that period, with the value of their investment standing at $402,000 at the time of the filing.
Several other major investors have also shown interest in NVR’s stock. Blue Trust Inc., for instance, entered the market in the third quarter by acquiring new shares worth $39,000. Meanwhile, Assenagon Asset Management S.A. significantly increased its stake by 3,377.8% in the second quarter, now owning 2,504 shares valued at $19,002,000 after acquiring an additional 2,432 shares. In the first quarter, Swedbank AB invested anew with a stake worth approximately $931,000. Jane Street Group LLC expanded its shareholding by 1,285.4% during the same period, bringing their total to 568 shares worth $4,601,000. Intech Investment Management LLC also joined the bandwagon in the third quarter with a newly established position valued at about $9,341,000. Notably, institutional investors and hedge funds now possess 83.67% of the company’s stock.
### NVR Stock Performance
On Wednesday, shares of NVR opened at a remarkable $9,239.46. The company experienced fluctuations over the past year, with its lowest point at $6,052.58 and a peak at $9,964.77. Currently, the stock maintains a 50-day moving average of $9,420.06 and a 200-day moving average of $8,612.27. From a financial stability perspective, NVR holds a current ratio of 6.21, a quick ratio of 3.54, and a debt-to-equity ratio of 0.21. The company’s total market capitalization is reported at $28.31 billion, with a P/E ratio of 18.89, a P/E/G ratio of 1.93, and a beta of 1.20.
NVR’s latest earnings report revealed their performance for the quarter ended October 22nd. The construction firm’s earnings per share (EPS) were $130.50, narrowly missing the analysts’ consensus estimate of $131.00. The revenue for the quarter amounted to $2.68 billion, slightly short of the projected $2.71 billion. Despite these minor misses, NVR boasts a return on equity of 38.20% and a net margin of 16.51%. The quarter’s revenue marked a 6.6% increase from the same period last year, when NVR achieved $125.26 earnings per share. Equity research analysts foresee NVR reaching an EPS of 494.48 for the current year.
### Insider Activity at NVR
In the realm of insider activity, Director David A. Preiser offloaded 250 shares on November 8th. These shares were sold at an average price of $9,302.64, resulting in a total sale value of $2,325,660. Following this transaction, he now directly holds 239 shares, valued at $2,223,330.96. This move represented a 51.12% reduction in his holding. Furthermore, another insider, CAO Matthew B. Kelpy, sold 125 shares on October 24th at an average price of $9,507.30, generating $1,188,412.50. Following this, he maintains 230 shares valued at $2,186,679, reflecting a 35.21% position decrease. Over the past 90 days, company insiders have sold 775 shares, amounting to $7,294,073. Overall, insiders own about 7.00% of NVR’s stock.
### Analyst Upgrades and Downgrades
The stock has been the subject of various analyst reports. Bank of America recently lowered its target price for NVR from $10,800.00 to $10,600.00, maintaining a “buy” rating. Meanwhile, UBS Group increased its price objective from $8,450.00 to $9,450.00, giving the stock a “neutral” rating. On the other hand, Seaport Res Ptn downgraded NVR from a “strong-buy” to a “hold” on November 10th, followed by StockNews.com also shifting their view from “buy” to “hold” on November 7th. Considering these insights, NVR currently holds a consensus rating of “Hold” with an average price target of $8,783.33, according to MarketBeat.com.
### NVR Profile
NVR, Inc., a prominent US homebuilder, divides its efforts between two main operations: Homebuilding and Mortgage Banking. Under brand names such as Ryan Homes, NVHomes, and Heartland Homes, the company focuses on constructing and selling single-family detached homes, townhomes, and condominium buildings. Their Ryan Homes offerings cater to first-time and first-time move-up buyers, while NVHomes and Heartland Homes target those in the move-up and luxury segments.
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