Shell Asset Management Co. Acquires 17 Shares of NVR, Inc. $NVR

Shell Asset Management Co. raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 904 shares of the construction company’s stock after buying an additional 17 shares during the period. Shell Asset Management Co.’s holdings in NVR were worth $6,677,000 at the end of the most recent reporting period.

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

NVR Stock Performance

Shares of NVR stock opened at $8,078.00 on Tuesday. The stock has a fifty day moving average of $8,090.96 and a 200 day moving average of $7,554.82. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The firm has a market capitalization of $23.18 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 11.37 and a beta of 0.94. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

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

Insider Activity at NVR

In other NVR news, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the sale, the director directly owned 75 shares of the company’s stock, valued at approximately $606,183. The trade was a 72.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the transaction, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 975 shares of company stock worth $7,869,360 over the last 90 days. 7.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NVR shares. JPMorgan Chase & Co. raised their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. UBS Group increased their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, NVR has an average rating of “Hold” and an average target price of $8,783.33.

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.