Benjamin Edwards Inc. bought a new position in NVR, Inc. (NYSE:NVR - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 113 shares of the construction company's stock, valued at approximately $1,109,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV lifted its stake in shares of NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock worth $39,000 after purchasing an additional 2 shares during the period. Blue Trust Inc. purchased a new stake in NVR during the third quarter valued at approximately $39,000. Rakuten Securities Inc. bought a new position in NVR in the third quarter worth approximately $39,000. Redwood Wealth Management Group LLC purchased a new position in shares of NVR during the 2nd quarter worth $46,000. Finally, Private Trust Co. NA grew its position in shares of NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after acquiring an additional 2 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NVR stock opened at $8,946.33 on Friday. The stock has a fifty day simple moving average of $9,337.83 and a two-hundred day simple moving average of $8,690.83. NVR, Inc. has a 52-week low of $6,330.74 and a 52-week high of $9,964.77. The firm has a market capitalization of $27.38 billion, a PE ratio of 18.29, a PEG ratio of 1.97 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21.
NVR (NYSE:NVR - Get Free Report) last released 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). NVR had a return on equity of 38.20% and a net margin of 16.51%. The business had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the prior year, the business posted $125.26 EPS. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts predict that NVR, Inc. will post 494.48 EPS for the current fiscal year.
A number of brokerages recently commented on NVR. UBS Group raised their target price on NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Bank of America decreased their target price 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $8,783.33.
View Our Latest Stock Report on NVR
In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the 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 owns 230 shares of the company's stock, valued at $2,186,679. This represents a 35.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 in the last three months. 7.00% of the stock is currently owned by corporate insiders.
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.
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