Cumberland Partners Ltd Has $2.59 Million Stake in NVR, Inc. $NVR

Cumberland Partners Ltd boosted its holdings in shares of NVR, Inc. (NYSE:NVR) by 133.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350 shares of the construction company’s stock after buying an additional 200 shares during the period. Cumberland Partners Ltd’s holdings in NVR were worth $2,585,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Nissay Asset Management Corp Japan ADV increased its position in NVR by 0.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company’s stock valued at $2,796,000 after acquiring an additional 2 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of NVR by 4.2% during the 1st quarter. Baird Financial Group Inc. now owns 50 shares of the construction company’s stock worth $362,000 after buying an additional 2 shares during the period. Fifth Third Bancorp raised its position in shares of NVR by 6.5% in the 2nd quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock valued at $244,000 after acquiring an additional 2 shares during the period. QRG Capital Management Inc. grew its stake in NVR by 4.2% in the second quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock valued at $369,000 after acquiring an additional 2 shares during the period. Finally, Evergreen Wealth Management LLC grew its position in shares of NVR by 1.9% in the 2nd quarter. Evergreen Wealth Management LLC now owns 109 shares of the construction company’s stock valued at $801,000 after purchasing an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NYSE:NVR opened at $7,128.52 on Thursday. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,376.75. The company’s 50 day moving average price is $7,678.50 and its two-hundred day moving average price is $7,617.59. The firm has a market cap of $20.24 billion, a PE ratio of 15.65, a PEG ratio of 9.94 and a beta of 0.93. 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 results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $130.50 EPS. Equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael J. Devito purchased 14 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the purchase, the director owned 14 shares in the company, valued at approximately $98,952.70. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexandra A. Jung sold 200 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the transaction, the director owned 75 shares of the company’s stock, valued at $606,183. This trade represents a 72.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NVR. JPMorgan Chase & Co. upped their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. UBS Group raised their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Bank of America cut their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Finally, Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, NVR has a consensus rating of “Hold” and an average price target of $8,366.67.

NVR 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.