NVR, Inc. $NVR Shares Acquired by Paralel Advisors LLC

Key Points

• Paralel Advisors LLC increased its stake in NVR, Inc. by 17.9%, owning a total of 369 shares valued at approximately $2.725 million.
• Analysts generally have a neutral to hold rating on NVR shares, with target prices ranging from $7,200 to $9,000.
• Insider sales included a significant transaction by director Susan Williamson Ross, who sold 125 shares at about $7,850 per share, representing a< strong> 24.46% decrease in her holdings.

Paralel Advisors LLC increased its position in NVR, Inc. (NYSE:NVR - Free Report) by 17.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 369 shares of the construction company's stock after purchasing an additional 56 shares during the period. Paralel Advisors LLC's holdings in NVR were worth $2,725,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in NVR by 68.9% during the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock worth $622,000 after buying an additional 31 shares during the last quarter. GAMMA Investing LLC lifted its stake in NVR by 15.8% during the first quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock worth $159,000 after purchasing an additional 3 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in NVR during the first quarter worth $587,000. Cambridge Investment Research Advisors Inc. boosted its holdings in NVR by 14.4% in the first 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 during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in NVR by 5.2% in the first quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock worth $9,237,000 after purchasing an additional 63 shares during the period. 83.67% of the stock is owned by institutional investors.

Insider Activity at NVR

In other NVR news, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of the 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 completion of the transaction, the director owned 75 shares of the company's stock, valued at $606,183. This trade represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock worth $7,869,360 over the last ninety days. 7.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NVR shares. JPMorgan Chase & Co. increased their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Bank of America cut their target price 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NVR in a report on Wednesday, October 8th. UBS Group set a $8,500.00 price target on NVR in a report on Thursday. Finally, Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $8,366.67.

NVR Stock Performance

Shares of NVR stock opened at $7,701.78 on Thursday. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,573.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The firm has a market capitalization of $22.10 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 10.83 and a beta of 0.94. The business has a 50 day simple moving average of $8,049.14 and a 200 day simple moving average of $7,584.15.

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

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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