QRG Capital Management Inc. Trims Stock Holdings in NVR, Inc. (NYSE:NVR)

QRG Capital Management Inc. trimmed its holdings in NVR, Inc. (NYSE:NVR) by 5.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70 shares of the construction company’s stock after selling 4 shares during the quarter. QRG Capital Management Inc.’s holdings in NVR were worth $687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. purchased a new stake in shares of NVR in the third quarter worth approximately $39,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of NVR by 1.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock worth $44,791,000 after buying an additional 71 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of NVR by 3,377.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock worth $19,002,000 after buying an additional 2,432 shares during the period. Sei Investments Co. raised its holdings in shares of NVR by 89.6% in the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock worth $21,489,000 after buying an additional 1,254 shares during the period. Finally, Swedbank AB purchased a new stake in shares of NVR in the first quarter worth approximately $931,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $2,186,679. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

NVR Trading Up 0.9 %

NVR opened at $9,306.94 on Friday. The stock’s fifty day moving average is $9,440.66 and its two-hundred day moving average is $8,492.56. The company has a market capitalization of $28.52 billion, a P/E ratio of 19.03, a PEG ratio of 1.97 and a beta of 1.20. NVR, Inc. has a 52 week low of $5,818.01 and a 52 week high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $125.26 EPS. Analysts forecast that NVR, Inc. will post 496.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NVR shares. Bank of America reduced their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. UBS Group raised their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday.

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.