NVR, Inc. $NVR Holdings Reduced by Korea Investment CORP

Korea Investment CORP lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 16.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,636 shares of the construction company’s stock after selling 513 shares during the quarter. Korea Investment CORP’s holdings in NVR were worth $19,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NVR. Elgethun Capital Management increased its position in NVR by 1.4% in the 2nd quarter. Elgethun Capital Management now owns 580 shares of the construction company’s stock valued at $4,284,000 after acquiring an additional 8 shares during the period. Quadrant Capital Group LLC boosted its position in NVR by 73.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 85 shares of the construction company’s stock worth $628,000 after acquiring an additional 36 shares during the period. Choreo LLC grew its stake in shares of NVR by 48.3% in the second quarter. Choreo LLC now owns 89 shares of the construction company’s stock worth $657,000 after purchasing an additional 29 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of NVR by 7.7% in the second quarter. Russell Investments Group Ltd. now owns 5,985 shares of the construction company’s stock worth $44,206,000 after purchasing an additional 428 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of NVR by 9.9% during the second quarter. Boston Partners now owns 64,952 shares of the construction company’s stock valued at $479,900,000 after purchasing an additional 5,875 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVR has been the subject of several research analyst reports. UBS Group upped their price objective 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 on the stock in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NVR currently has an average rating of “Hold” and a consensus target price of $8,366.67.

NVR Price Performance

NYSE:NVR opened at $7,507.29 on Friday. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $7,558.72 and its 200 day moving average price is $7,628.31. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,280.15. The firm has a market cap of $21.31 billion, a P/E ratio of 16.48, a PEG ratio of 9.94 and a beta of 0.93.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating the consensus estimate of $107.88 by $4.45. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $130.50 EPS. As a group, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito purchased 14 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the transaction, the director owned 14 shares in the company, valued at $98,952.70. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.00% of the company’s stock.

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.