Advisor Partners LLC Has $387,000 Stake in NVR, Inc. (NYSE:NVR)

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Advisor Partners LLC grew its holdings in NVR, Inc. (NYSE:NVR) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104 shares of the construction company’s stock after buying an additional 3 shares during the period. Advisor Partners LLC’s holdings in NVR were worth $387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NVR. BlackRock Inc. lifted its holdings in NVR by 7.2% during the 2nd quarter. BlackRock Inc. now owns 398,321 shares of the construction company’s stock worth $1,342,443,000 after purchasing an additional 26,640 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in NVR by 7.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 190,047 shares of the construction company’s stock worth $640,506,000 after purchasing an additional 12,746 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in NVR during the 2nd quarter worth approximately $175,206,000. JPMorgan Chase & Co. lifted its holdings in NVR by 333.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 34,183 shares of the construction company’s stock worth $113,953,000 after purchasing an additional 26,297 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in NVR by 19.0% during the 2nd quarter. Prudential Financial Inc. now owns 18,868 shares of the construction company’s stock worth $63,591,000 after purchasing an additional 3,014 shares during the last quarter. 80.54% of the stock is owned by institutional investors.

In other NVR news, CFO Daniel David Malzahn sold 76 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $3,715.53, for a total transaction of $282,380.28. Following the transaction, the chief financial officer now owns 2,647 shares in the company, valued at approximately $9,835,007.91. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey D. Martchek sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $3,508.28, for a total value of $3,508,280.00. Following the transaction, the insider now owns 5,158 shares in the company, valued at approximately $18,095,708.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,561 shares of company stock worth $114,955,340. Corporate insiders own 11.10% of the company’s stock.

NVR stock opened at $3,892.89 on Monday. The stock’s fifty day moving average price is $3,641.19 and its two-hundred day moving average price is $3,389.98. NVR, Inc. has a one year low of $2,095.66 and a one year high of $3,894.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.29 and a quick ratio of 2.14. The firm has a market cap of $13.81 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61.

NVR (NYSE:NVR) last posted its quarterly earnings data on Friday, October 18th. The construction company reported $56.11 EPS for the quarter, topping the Zacks’ consensus estimate of $51.52 by $4.59. NVR had a return on equity of 44.03% and a net margin of 11.54%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company earned $48.28 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Sell-side analysts expect that NVR, Inc. will post 208.72 earnings per share for the current fiscal year.

Several analysts recently weighed in on NVR shares. Wells Fargo & Co reissued a “hold” rating on shares of NVR in a report on Monday. Evercore ISI raised NVR from an “in-line” rating to an “outperform” rating in a report on Friday, August 9th. Buckingham Research lifted their price target on NVR from $3,580.00 to $3,860.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Evercore raised NVR from an “in-line” rating to an “outperform” rating in a report on Friday, August 9th. Finally, ValuEngine cut NVR from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. NVR has an average rating of “Hold” and a consensus target price of $3,674.80.

About NVR

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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