GSA Capital Partners LLP Trims Holdings in NVR, Inc. (NYSE:NVR)

GSA Capital Partners LLP decreased its holdings in NVR, Inc. (NYSE:NVR) by 23.1% in the 3rd quarter, Holdings Channel reports. The firm owned 50 shares of the construction company’s stock after selling 15 shares during the period. GSA Capital Partners LLP’s holdings in NVR were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of NVR. International Assets Investment Management LLC raised its position in NVR by 1,100,012.1% in the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after purchasing an additional 363,004 shares during the last quarter. TD Asset Management Inc raised its position in NVR by 143.8% in the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock valued at $182,277,000 after purchasing an additional 14,167 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in NVR by 98.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock valued at $141,498,000 after purchasing an additional 8,684 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in NVR by 56.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after buying an additional 8,140 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in NVR by 254.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock valued at $87,001,000 after buying an additional 6,363 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock valued at $7,294,073 in the last ninety days. 7.00% of the stock is currently owned by company insiders.

NVR Stock Performance

NYSE:NVR opened at $8,955.13 on Wednesday. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a fifty-two week low of $6,052.58 and a fifty-two week high of $9,964.77. The stock has a market cap of $27.40 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The firm’s fifty day simple moving average is $9,435.69 and its 200-day simple moving average is $8,572.27.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the company earned $125.26 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts expect that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NVR. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group boosted their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, Bank of America dropped their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8,783.33.

About NVR

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.