NVR, Inc. $NVR Stock Holdings Lowered by Berkeley Inc

Key Points

• Berkeley Inc. cut its NVR stake by 41.3% in the third quarter, selling 579 shares and retaining 823 shares valued at approximately $5.1 million. Institutional investors collectively own 83.67% of NVR.
• Analyst sentiment is mixed: NVR has a consensus “Hold” rating and an average price target of $6,809.67, with recent target reductions from Bank of America and UBS and an “underweight” rating from Morgan Stanley.
• NVR shares opened at $5,972.27, while the company reported quarterly revenue of $2.34 billion, down 10.5% year over year. Director George Oliver separately purchased 63 shares worth about $405,000.

Berkeley Inc lessened its stake in NVR, Inc. (NYSE:NVR - Free Report) by 41.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 823 shares of the construction company's stock after selling 579 shares during the quarter. NVR comprises 1.6% of Berkeley Inc's investment portfolio, making the stock its 24th biggest position. Berkeley Inc's holdings in NVR were worth $5,065,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVR. Nisa Investment Advisors LLC increased its holdings in NVR by 12.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 545 shares of the construction company's stock valued at $3,354,000 after buying an additional 60 shares during the period. Rare Wolf Capital LLC raised its position in shares of NVR by 8.6% in the 3rd quarter. Rare Wolf Capital LLC now owns 76 shares of the construction company's stock valued at $468,000 after buying an additional 6 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of NVR by 7.2% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 104 shares of the construction company's stock worth $640,000 after acquiring an additional 7 shares during the period. IFP Advisors Inc lifted its holdings in shares of NVR by 77.8% during the 3rd quarter. IFP Advisors Inc now owns 16 shares of the construction company's stock worth $98,000 after acquiring an additional 7 shares during the period. Finally, USA Financial Formulas acquired a new stake in shares of NVR during the 3rd quarter worth approximately $62,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Insiders Place Their Bets

In other news, Director George Oliver bought 63 shares of the stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NVR has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of NVR from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday. Bank of America cut their target price on NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Wall Street Zen cut NVR from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. Morgan Stanley started coverage on NVR in a report on Thursday, October 1st. They issued an "underweight" rating and a $5,058.00 target price on the stock. Finally, UBS Group decreased their price target on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $6,809.67.

NVR Stock Up 2.5%

Shares of NYSE:NVR opened at $5,972.27 on Wednesday. The company has a fifty day moving average of $6,184.65 and a 200-day moving average of $6,314.64. The company has a market capitalization of $15.92 billion, a PE ratio of 15.49 and a beta of 0.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,200.00.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%. The company had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the company earned $108.54 EPS. NVR's revenue was down 10.5% compared to the same quarter last year. On average, equities analysts predict that NVR, Inc. will post 361.98 EPS for the current fiscal year.

NVR Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company's homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.

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