Moloney Securities Asset Management LLC Sells 20 Shares of NVR, Inc. $NVR

Moloney Securities Asset Management LLC lowered its position in shares of NVR, Inc. (NYSE:NVR) by 12.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 143 shares of the construction company’s stock after selling 20 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in NVR were worth $1,056,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. AlTi Global Inc. bought a new stake in NVR in the 2nd quarter worth approximately $1,861,000. Paralel Advisors LLC grew its position in NVR by 17.9% in the 2nd quarter. Paralel Advisors LLC now owns 369 shares of the construction company’s stock worth $2,725,000 after purchasing an additional 56 shares during the period. Forum Financial Management LP bought a new stake in NVR in the 2nd quarter worth approximately $428,000. Ethic Inc. grew its position in NVR by 13.1% in the 2nd quarter. Ethic Inc. now owns 241 shares of the construction company’s stock worth $1,778,000 after purchasing an additional 28 shares during the period. Finally, Denali Advisors LLC grew its position in NVR by 60.0% in the 2nd quarter. Denali Advisors LLC now owns 120 shares of the construction company’s stock worth $886,000 after purchasing an additional 45 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Stock Down 3.2%

Shares of NVR stock opened at $7,434.50 on Friday. The stock has a market cap of $21.34 billion, a P/E ratio of 16.32, a PEG ratio of 10.65 and a beta of 0.94. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,527.85. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $8,022.85 and its two-hundred day simple moving average is $7,593.60.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, topping the consensus estimate of $107.88 by $4.45. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $130.50 EPS. Analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group lifted their target price on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research note on Thursday. Bank of America lowered their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8,366.67.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 600 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 74.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Williamson Ross sold 125 shares of the company’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 sale, the director owned 386 shares in the company, valued at $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 975 shares of company stock worth $7,869,360. 7.00% of the stock is currently owned by corporate insiders.

NVR Company 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.