Inspire Investing LLC Sells 365 Shares of NVR, Inc. $NVR

Key Points

• Inspire Investing LLC significantly reduced its stake in NVR, Inc. by 90.6% during the second quarter, now holding just 38 shares worth approximately $281,000.
• Multiple hedge funds adjusted their positions, with Aberdeen Group plc increasing its stake by 7.8% and Blue Trust Inc. raising it by 150.0% during the same period.
• Insider trading activity included significant share sales by directors, with one director selling 125 shares for nearly $1 million, indicating 24.46% decrease in their ownership.

Inspire Investing LLC lessened its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 90.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38 shares of the construction company's stock after selling 365 shares during the quarter. Inspire Investing LLC's holdings in NVR were worth $281,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Aberdeen Group plc boosted its position in NVR by 7.8% during the 2nd quarter. Aberdeen Group plc now owns 681 shares of the construction company's stock valued at $5,030,000 after buying an additional 49 shares during the period. Blue Trust Inc. increased its position in shares of NVR by 150.0% in the second quarter. Blue Trust Inc. now owns 5 shares of the construction company's stock valued at $37,000 after acquiring an additional 3 shares during the period. Callan Family Office LLC bought a new position in shares of NVR during the second quarter valued at about $281,000. Court Place Advisors LLC raised its stake in shares of NVR by 6.8% during the second quarter. Court Place Advisors LLC now owns 172 shares of the construction company's stock valued at $1,271,000 after acquiring an additional 11 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of NVR by 2.5% during the second quarter. US Bancorp DE now owns 249 shares of the construction company's stock worth $1,839,000 after purchasing an additional 6 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVR news, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the completion of the transaction, the director owned 386 shares of the company's stock, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the transaction, the director owned 75 shares of the company's stock, valued at $606,183. The trade was a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 975 shares of company stock worth $7,869,360 in the last three months. 7.00% of the stock is owned by corporate insiders.

NVR Stock Up 0.6%

Shares of NYSE:NVR opened at $7,650.93 on Friday. The firm has a market capitalization of $21.96 billion, a P/E ratio of 16.15, a P/E/G ratio of 10.57 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The stock has a 50 day moving average price of $8,066.86 and a 200-day moving average price of $7,574.70. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

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

Analyst Upgrades and Downgrades

NVR has been the topic of a number of research analyst reports. UBS Group boosted their price target on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. boosted their target price 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. Weiss Ratings restated a "hold (c+)" rating on shares of NVR in a report on Wednesday, October 8th. Finally, Bank of America cut their price target on shares of NVR from $9,100.00 to $9,000.00 and set a "buy" rating on the stock 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. Based on data from MarketBeat, NVR currently has a consensus rating of "Hold" and a consensus price target of $8,250.00.

NVR 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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