Intech Investment Management LLC Decreases Stock Holdings in NVR, Inc. $NVR

Intech Investment Management LLC reduced its holdings in NVR, Inc. (NYSE:NVR) by 57.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78 shares of the construction company’s stock after selling 107 shares during the period. Intech Investment Management LLC’s holdings in NVR were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. AdvisorNet Financial Inc purchased a new position in NVR in the second quarter worth about $30,000. SouthState Corp bought a new stake in shares of NVR in the 1st quarter valued at approximately $36,000. Blue Trust Inc. lifted its stake in shares of NVR by 150.0% in the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after purchasing an additional 3 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of NVR in the 1st quarter worth approximately $43,000. Finally, Assetmark Inc. increased its position in shares of NVR by 50.0% during the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after purchasing an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVR

In related news, Director Michael J. Devito bought 14 shares of NVR stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the transaction, the director owned 14 shares in the company, valued at $98,952.70. The trade was a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NVR shares. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. UBS Group raised their target price on shares of NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Bank of America dropped their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8,366.67.

NVR Stock Up 1.5%

NYSE:NVR opened at $7,566.34 on Friday. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 9.94 and a beta of 0.93. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,300.00. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $7,570.65 and a 200-day simple moving average of $7,626.01.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, topping 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 $2.64 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the business posted $130.50 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. Analysts anticipate that NVR, Inc. will post 505.2 EPS for the current 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.