Penserra Capital Management LLC Lowers Stake in NVR, Inc. (NYSE:NVR)

Penserra Capital Management LLC decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96 shares of the construction company’s stock after selling 2 shares during the period. Penserra Capital Management LLC’s holdings in NVR were worth $941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV raised its stake in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of NVR during the third quarter worth approximately $39,000. Rakuten Securities Inc. acquired a new stake in shares of NVR during the third quarter worth $39,000. Redwood Wealth Management Group LLC purchased a new position in NVR in the 2nd quarter valued at $46,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in NVR in the 2nd quarter valued at $53,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Down 0.3 %

Shares of NYSE NVR opened at $9,193.62 on Thursday. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $9,415.14 and a 200 day moving average price of $8,623.43. NVR, Inc. has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. The stock has a market capitalization of $28.13 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20.

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

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were 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 directly owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group upped their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America lowered their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8,783.33.

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.