Allianz Asset Management GmbH Lowers Holdings in NVR, Inc. $NVR

Key Points

• Allianz Asset Management GmbH has reduced its holdings in NVR, Inc. by 54.1% during the second quarter, now owning approximately 0.11% of the company's stock valued at $24.8 million.
• Insider trading activity has been notable, with Director Susan Williamson Ross selling 125 shares and Director Alexandra A. Jung selling 200 shares, leading to significant decreases in their ownership percentages.
• NVR reported quarterly earnings of $108.54 EPS, exceeding analyst expectations, despite a 0.5% decline in revenue compared to the previous year.

Allianz Asset Management GmbH decreased its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 54.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,360 shares of the construction company's stock after selling 3,960 shares during the quarter. Allianz Asset Management GmbH owned about 0.11% of NVR worth $24,816,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NVR. Brighton Jones LLC raised its stake in NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock valued at $622,000 after buying an additional 31 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of NVR by 15.8% in the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock worth $159,000 after purchasing an additional 3 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of NVR by 19.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 43 shares of the construction company's stock worth $312,000 after purchasing an additional 7 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of NVR in the 1st quarter worth $587,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of NVR by 14.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 350 shares of the construction company's stock worth $2,536,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 125 shares of the business's stock in a transaction dated 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 completion of the sale, the director owned 386 shares of the company's stock, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the sale, the director directly owned 75 shares of the company's stock, valued at $606,183. This represents a 72.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 975 shares of company stock valued at $7,869,360. Company insiders own 7.80% of the company's stock.

NVR Stock Performance

Shares of NVR opened at $7,650.93 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The firm has a market capitalization of $21.96 billion, a P/E ratio of 16.15, a PEG ratio of 10.62 and a beta of 0.94. The business has a fifty day moving average of $8,066.86 and a 200 day moving average of $7,579.86.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping the consensus estimate of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%.The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the company posted $120.69 earnings per share. NVR's revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

Wall Street Analyst Weigh In

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

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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