Vontobel Holding Ltd. Lowers Stock Holdings in NVR, Inc. $NVR

Key Points

• Vontobel Holding Ltd. significantly reduced its stake in NVR, Inc. by 46.1%, selling 101 shares during the second quarter and holding 118 shares worth $872,000 by quarter's end.
• Despite Vontobel's decrease, other institutional investors such as Jones Financial Companies and Livforsakringsbolaget Skandia Omsesidigt made substantial increases in their holdings, with Jones increasing its stake by over 217,591%.
• Analysts have mixed views on NVR; Bank of America lowered its target price for the stock to $9,000, while UBS raised it to $8,150, reflecting a mix of buy and hold ratings from analysts.

Vontobel Holding Ltd. trimmed its position in NVR, Inc. (NYSE:NVR - Free Report) by 46.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118 shares of the construction company's stock after selling 101 shares during the quarter. Vontobel Holding Ltd.'s holdings in NVR were worth $872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in NVR by 217,591.3% in the first quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company's stock valued at $3,758,000 after purchasing an additional 50,046 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in NVR by 9,358.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company's stock valued at $356,277,000 after purchasing an additional 47,729 shares in the last quarter. Nuveen LLC purchased a new stake in NVR in the first quarter valued at approximately $334,981,000. JPMorgan Chase & Co. raised its stake in NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock valued at $379,639,000 after purchasing an additional 15,405 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in NVR by 5,411.1% in the first quarter. Pacer Advisors Inc. now owns 14,384 shares of the construction company's stock valued at $104,203,000 after purchasing an additional 14,123 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NVR shares. Bank of America lowered 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 research note on Friday. UBS Group raised their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the company 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. JPMorgan Chase & Co. raised their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of NVR in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, NVR has an average rating of "Hold" and an average price target of $8,250.00.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 74.26% 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 hyperlink. Also, Director Alexandra A. Jung sold 200 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was 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 in the company, valued at $606,183. This represents a 72.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 975 shares of company stock worth $7,869,360. Insiders own 7.00% of the company's stock.

NVR Trading Down 2.2%

NVR stock opened at $7,452.10 on Monday. The company has a market capitalization of $21.39 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 10.36 and a beta of 0.94. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company's 50 day moving average price is $8,089.11 and its two-hundred day moving average price is $7,564.65. 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 (NYSE:NVR - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter last year, the business earned $120.69 earnings per share. The business's revenue was down .5% on a year-over-year basis. As a group, analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

About NVR

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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