NVR, Inc. $NVR Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC decreased its stake in shares of NVR, Inc. (NYSE:NVR) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 436 shares of the construction company’s stock after selling 6 shares during the period. New York Life Investment Management LLC’s holdings in NVR were worth $3,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NVR. Jones Financial Companies Lllp boosted its holdings in shares of NVR by 217,591.3% in the first quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock valued at $3,758,000 after acquiring an additional 50,046 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of NVR by 9,358.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock valued at $356,277,000 after acquiring an additional 47,729 shares in the last quarter. Nuveen LLC bought a new position in shares of NVR in the first quarter valued at approximately $334,981,000. JPMorgan Chase & Co. boosted its holdings in shares of NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock valued at $379,639,000 after acquiring an additional 15,405 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of NVR by 5,411.1% in the first quarter. Pacer Advisors Inc. now owns 14,384 shares of the construction company’s stock valued at $104,203,000 after acquiring an additional 14,123 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Price Performance

Shares of NVR stock opened at $7,238.04 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,527.85. The firm has a fifty day moving average price of $7,964.47 and a two-hundred day moving average price of $7,607.13. The company has a market cap of $20.77 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 9.94 and a beta of 0.94.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.81%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the firm earned $130.50 EPS. The business’s revenue was down 4.5% on a year-over-year basis. Analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. This represents a 74.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alexandra A. Jung sold 200 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares of the company’s stock, valued at approximately $606,183. This trade represents a 72.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 975 shares of company stock valued at $7,869,360 in the last ninety days. Company insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NVR shares. UBS Group increased their price objective on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price target on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Bank of America dropped their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, NVR has an average rating of “Hold” and a consensus price target of $8,366.67.

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.