Pacer Advisors Inc. Cuts Stock Position in NVR, Inc. $NVR

Pacer Advisors Inc. trimmed its holdings in NVR, Inc. (NYSE:NVR) by 33.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,661 shares of the construction company’s stock after selling 4,781 shares during the period. Pacer Advisors Inc. owned about 0.34% of NVR worth $77,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in NVR by 217,591.3% during the 1st quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock valued at $3,758,000 after purchasing an additional 50,046 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in NVR by 9,358.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock valued at $356,277,000 after buying an additional 47,729 shares in the last quarter. Norges Bank bought a new stake in shares of NVR during the second quarter valued at approximately $268,447,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of NVR by 569.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 11,877 shares of the construction company’s stock worth $86,042,000 after buying an additional 10,102 shares in the last quarter. Finally, Symphony Financial Ltd. Co. bought a new position in shares of NVR during the second quarter worth $54,548,000. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NVR. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. UBS Group boosted their target price on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Bank of America dropped their price target on 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, BTIG Research started coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8,530.50.

NVR Trading Up 0.8%

NVR opened at $7,399.89 on Friday. The stock has a 50-day moving average of $7,409.52 and a 200 day moving average of $7,670.16. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28. The firm has a market cap of $21.02 billion, a P/E ratio of 16.24, a P/E/G ratio of 9.95 and a beta of 1.01.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $107.88 by $4.45. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.54 billion. NVR had a return on equity of 35.89% and a net margin of 14.00%.The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the company earned $130.50 EPS. As a group, research analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

Insider Transactions at NVR

In related news, Director Michael J. Devito purchased 14 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the transaction, the director directly owned 14 shares in the company, valued at $98,952.70. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 7.00% of the stock is currently owned by corporate insiders.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.