Raymond James & Associates Sells 195 Shares of NVR, Inc. (NYSE:NVR)

Raymond James & Associates decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 9.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,794 shares of the construction company’s stock after selling 195 shares during the quarter. Raymond James & Associates’ holdings in NVR were worth $17,602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Valued Wealth Advisors LLC grew its holdings in shares of NVR by 100.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock valued at $32,000 after purchasing an additional 2 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after buying an additional 2 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of NVR during the third quarter worth $39,000. Redwood Wealth Management Group LLC acquired a new position in shares of NVR during the second quarter worth $46,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of NVR during the second quarter worth $53,000. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In related news, Director Alfred E. Festa sold 148 shares of NVR stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total value of $1,270,720.60. Following the transaction, the director now directly owns 173 shares of the company’s stock, valued at $1,485,369.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,955,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alfred E. Festa sold 148 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total value of $1,270,720.60. Following the sale, the director now owns 173 shares of the company’s stock, valued at approximately $1,485,369.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

NVR Price Performance

NVR stock opened at $9,329.74 on Friday. The company has a market capitalization of $28.74 billion, a P/E ratio of 19.07, a PEG ratio of 2.32 and a beta of 1.19. The company has a fifty day moving average price of $9,401.06 and a 200-day moving average price of $8,388.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84. NVR, Inc. has a 52-week low of $5,326.16 and a 52-week high of $9,964.77.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.18% and a net margin of 16.51%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $125.26 earnings per share. As a group, equities analysts expect that NVR, Inc. will post 500.28 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on NVR. UBS Group raised their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday. Bank of America cut their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday.

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.