NVR, Inc. $NVR Stock Holdings Lessened by Montgomery Investment Management Inc.

Key Points

• Montgomery Investment Management Inc. has reduced its holdings in NVR, Inc. by 5.2%, leaving the company as its 7th largest holding, valued at approximately $10.78 million.
• NVR's stock recently opened at $8,042.50, with analysts forecasting average earnings per share of 505.2 for the current fiscal year.
• Insider selling activity was noted, with directors selling shares valued at over $7.86 million in the last quarter, indicating a significant decrease in their ownership positions.

Montgomery Investment Management Inc. decreased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,459 shares of the construction company's stock after selling 80 shares during the period. NVR comprises approximately 4.2% of Montgomery Investment Management Inc.'s investment portfolio, making the stock its 7th largest holding. Montgomery Investment Management Inc.'s holdings in NVR were worth $10,776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Peak Financial Advisors LLC raised its stake in shares of NVR by 1.3% in the 1st quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock valued at $1,108,000 after acquiring an additional 2 shares during the period. Salvus Wealth Management LLC raised its holdings in shares of NVR by 0.6% in the 1st quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock valued at $2,449,000 after buying an additional 2 shares during the period. Fifth Third Bancorp increased its stake in NVR by 6.9% during the first quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock worth $225,000 after purchasing an additional 2 shares during the period. Ballentine Partners LLC increased its stake in NVR by 6.7% during the first quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock worth $232,000 after purchasing an additional 2 shares during the period. Finally, Baird Financial Group Inc. increased its stake in NVR by 4.2% during the first quarter. Baird Financial Group Inc. now owns 50 shares of the construction company's stock worth $362,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Up 0.1%

NVR stock opened at $8,042.50 on Thursday. The company's 50 day moving average price is $8,073.18 and its 200 day moving average price is $7,531.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The firm has a market capitalization of $23.08 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 11.17 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 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 company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm posted $120.69 EPS. The company's quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVR. UBS Group boosted their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. upped their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, NVR currently has an average rating of "Hold" and a consensus target price of $8,783.33.

Insider Activity at NVR

In other news, Director Alexandra A. Jung sold 200 shares of the 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 owned 75 shares in the company, valued at approximately $606,183. This represents a 72.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan Williamson Ross sold 125 shares of the 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 in the company, valued at $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 975 shares of company stock valued at $7,869,360 over the last quarter. 7.00% of the stock is owned by insiders.

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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