NVR, Inc. $NVR Shares Sold by Townsend & Associates Inc

Townsend & Associates Inc reduced its stake in NVR, Inc. (NYSE:NVR - Free Report) by 15.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 398 shares of the construction company's stock after selling 70 shares during the period. Townsend & Associates Inc's holdings in NVR were worth $3,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in NVR. AdvisorNet Financial Inc acquired a new stake in shares of NVR in the 2nd quarter worth approximately $30,000. Olde Wealth Management LLC acquired a new stake in shares of NVR in the 1st quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of NVR in the 1st quarter worth approximately $36,000. Ridgewood Investments LLC lifted its stake in shares of NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after acquiring an additional 3 shares during the period. Finally, SouthState Corp acquired a new stake in shares of NVR in the 1st quarter worth approximately $36,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Alexandra A. Jung sold 200 shares of the business's 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 sale, the director owned 75 shares in the company, valued at $606,183. The trade was a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Williamson Ross sold 125 shares of the business'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 sale, the director owned 386 shares in the company, valued at $3,030,208.08. This represents a 24.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 975 shares of company stock worth $7,869,360 over the last 90 days. 7.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of NVR in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted 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. UBS Group boosted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Bank of America dropped 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. Finally, Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NVR has an average rating of "Hold" and a consensus target price of $8,250.00.

NVR Stock Up 0.6%

NVR stock opened at $7,650.93 on Monday. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company's 50 day simple moving average is $8,066.86 and its 200-day simple moving average is $7,579.86. 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 $21.96 billion, a P/E ratio of 16.15, a P/E/G ratio of 10.62 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business earned $120.69 earnings per share. The firm's revenue was down .5% compared to the same quarter last year. As a group, 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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