NVR, Inc. $NVR Stock Position Reduced by Townsend & Associates Inc

Townsend & Associates Inc cut its stake in shares of NVR, Inc. (NYSE:NVR) by 15.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 398 shares of the construction company’s stock after selling 70 shares during the period. Townsend & Associates Inc’s holdings in NVR were worth $3,102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management grew its position in NVR by 21.2% during the first quarter. Spire Wealth Management now owns 63 shares of the construction company’s stock valued at $456,000 after purchasing an additional 11 shares in the last quarter. Jump Financial LLC grew its position in NVR by 201.6% in the first quarter. Jump Financial LLC now owns 193 shares of the construction company’s stock worth $1,398,000 after acquiring an additional 129 shares in the last quarter. Nomura Holdings Inc. grew its position in NVR by 39.8% in the first quarter. Nomura Holdings Inc. now owns 137 shares of the construction company’s stock worth $992,000 after acquiring an additional 39 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in NVR by 12.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company’s stock worth $2,377,000 after acquiring an additional 36 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in NVR by 5.2% in the first quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company’s stock worth $9,237,000 after acquiring an additional 63 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVR has been the subject of several recent research reports. UBS Group boosted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Bank of America decreased their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8,250.00.

NVR Price Performance

NYSE NVR opened at $7,650.93 on Monday. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $8,066.86 and a 200 day simple moving average of $7,579.86. The company has a market cap of $21.96 billion, a P/E ratio of 16.15, a P/E/G ratio of 10.62 and a beta of 0.94. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. NVR’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $120.69 EPS. On average, sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

Insider Transactions at NVR

In other news, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the completion of the transaction, the director directly owned 386 shares of the company’s stock, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 975 shares of company stock valued at $7,869,360. Company insiders own 7.80% of the company’s stock.

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.