Bleakley Financial Group LLC Takes Position in NVR, Inc. (NYSE:NVR)

Bleakley Financial Group LLC acquired a new stake in NVR, Inc. (NYSE:NVR) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 26 shares of the construction company’s stock, valued at approximately $255,000.

A number of other hedge funds have also recently modified their holdings of NVR. TD Asset Management Inc increased its position in shares of NVR by 143.8% in the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock valued at $182,277,000 after acquiring an additional 14,167 shares during the period. Acadian Asset Management LLC increased its position in shares of NVR by 321.1% in the first quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company’s stock valued at $116,389,000 after acquiring an additional 10,958 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in NVR by 98.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock valued at $141,498,000 after acquiring an additional 8,684 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in NVR by 56.0% in the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after acquiring an additional 8,140 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in NVR by 108.3% in the first quarter. Russell Investments Group Ltd. now owns 12,147 shares of the construction company’s stock valued at $98,215,000 after acquiring an additional 6,315 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,955,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,955,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 175 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $8,650.00, for a total transaction of $1,513,750.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,989,500. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 648 shares of company stock valued at $5,547,709. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

NVR has been the topic of several recent analyst reports. UBS Group lifted their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday. Bank of America cut their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday.

NVR Trading Down 0.3 %

NVR opened at $9,411.06 on Thursday. The stock has a market cap of $28.99 billion, a PE ratio of 19.45, a PEG ratio of 2.61 and a beta of 1.19. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $9,353.94 and a 200-day moving average of $8,360.43. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.83% and a return on equity of 38.51%. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the business posted $125.26 EPS. NVR’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts predict that NVR, Inc. will post 500.67 earnings per share for the current fiscal year.

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.