Bessemer Group Inc. Sells 75 Shares of NVR, Inc. $NVR

Bessemer Group Inc. lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 38.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 121 shares of the construction company’s stock after selling 75 shares during the quarter. Bessemer Group Inc.’s holdings in NVR were worth $894,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVR. AdvisorNet Financial Inc bought a new stake in shares of NVR in the second quarter worth about $30,000. Olde Wealth Management LLC acquired a new position in shares of NVR in the 1st quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in NVR during the 1st quarter worth approximately $36,000. Ridgewood Investments LLC raised its holdings in NVR by 150.0% during the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after buying an additional 3 shares during the period. Finally, SouthState Corp bought a new position in NVR in the first quarter valued at approximately $36,000. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This represents a 74.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 value of $981,285.00. Following the completion of the sale, the director directly owned 386 shares of the company’s stock, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 975 shares of company stock valued at $7,869,360 in the last 90 days. 7.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Bank of America reduced their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. UBS Group lifted their price target on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Wall Street Zen lowered NVR from a “hold” rating to a “sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. increased their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average target price of $8,366.67.

NVR Trading Down 0.3%

Shares of NYSE:NVR opened at $7,225.62 on Friday. The company’s 50-day moving average price is $7,944.50 and its two-hundred day moving average price is $7,606.92. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,527.85. 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 stock has a market capitalization of $20.74 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 9.94 and a beta of 0.94.

NVR (NYSE:NVR) last released its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The business 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 earnings per share. NVR’s quarterly revenue was down 4.5% on a year-over-year basis. On average, equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR Company 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.