Aberdeen Group plc Has $5.03 Million Stock Holdings in NVR, Inc. $NVR

Key Points

• Aberdeen Group plc increased its holdings in NVR, Inc. by 7.8% during the 2nd quarter, now owning shares valued at $5.03 million.
• NVR, Inc. reported earnings per share of $108.54 for the quarter, exceeding expectations of $104.89, although revenue decreased 0.5% year-over-year.
• Insider trading activity includes a significant sale by CAO Matthew B. Kelpy, who sold 600 shares for a total of $4.86 million, indicating a 74.26% decrease in their ownership.

Aberdeen Group plc boosted its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 7.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 681 shares of the construction company's stock after buying an additional 49 shares during the quarter. Aberdeen Group plc's holdings in NVR were worth $5,030,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in NVR by 6.9% during the 1st quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock worth $225,000 after purchasing an additional 2 shares in the last quarter. Ballentine Partners LLC increased its holdings in NVR by 6.7% during the 1st quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock worth $232,000 after purchasing an additional 2 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of NVR by 4.2% during the 1st quarter. Baird Financial Group Inc. now owns 50 shares of the construction company's stock worth $362,000 after buying an additional 2 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of NVR by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company's stock worth $2,796,000 after buying an additional 2 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of NVR by 4.2% during the 2nd quarter. QRG Capital Management Inc. now owns 50 shares of the construction company's stock worth $369,000 after buying an additional 2 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Trading Down 0.7%

Shares of NYSE:NVR opened at $7,595.15 on Friday. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company has a market capitalization of $21.80 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 10.63 and a beta of 0.94. The company has a 50-day simple moving average of $8,070.87 and a 200 day simple moving average of $7,571.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business posted $120.69 EPS. NVR's revenue was down .5% on a year-over-year basis. Sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

Analyst Ratings Changes

NVR has been the subject of a number of recent research reports. Bank of America reduced their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a "buy" rating for the company in a research note on Friday, October 10th. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group increased their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of NVR in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8,250.00.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the sale, the director owned 386 shares of the company's stock, valued at $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 975 shares of company stock worth $7,869,360 over the last three months. Insiders own 7.00% of the company's stock.

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.

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