Denali Advisors LLC Has $886,000 Stock Position in NVR, Inc. $NVR

Denali Advisors LLC lifted its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 60.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120 shares of the construction company's stock after buying an additional 45 shares during the quarter. Denali Advisors LLC's holdings in NVR were worth $886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management lifted its holdings in shares of NVR by 21.2% during the first quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after buying an additional 11 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of NVR by 201.6% during the first quarter. Jump Financial LLC now owns 193 shares of the construction company's stock worth $1,398,000 after buying an additional 129 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in shares of NVR by 39.8% during the first quarter. Nomura Holdings Inc. now owns 137 shares of the construction company's stock worth $992,000 after buying an additional 39 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of NVR by 12.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock worth $2,377,000 after buying an additional 36 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of NVR by 5.2% during the first quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock worth $9,237,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Stock Down 1.2%

Shares of NYSE NVR opened at $7,701.78 on Thursday. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 10.83 and a beta of 0.94. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,573.04. The stock has a 50-day moving average price of $8,049.14 and a two-hundred day moving average price of $7,584.15.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, topping the consensus estimate of $107.88 by $4.45. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.54 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The business's quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $130.50 earnings per share. As a group, analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

NVR has been the subject of a number of research reports. 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. JPMorgan Chase & Co. boosted their price target on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Bank of America dropped their price target on 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NVR in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $8,250.00.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the transaction, the director directly owned 75 shares of the company's stock, valued at approximately $606,183. The trade was a 72.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 975 shares of company stock valued at $7,869,360. 7.00% of the stock is currently owned by corporate insiders.

About NVR

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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