Plato Investment Management Ltd Sells 84 Shares of NVR, Inc. $NVR

Plato Investment Management Ltd reduced its position in shares of NVR, Inc. (NYSE:NVR) by 38.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136 shares of the construction company’s stock after selling 84 shares during the period. Plato Investment Management Ltd’s holdings in NVR were worth $1,001,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Jump Financial LLC lifted its position in shares of NVR by 201.6% during the first quarter. Jump Financial LLC now owns 193 shares of the construction company’s stock valued at $1,398,000 after purchasing an additional 129 shares in the last quarter. Nomura Holdings Inc. lifted its position in shares of NVR by 39.8% during the first quarter. Nomura Holdings Inc. now owns 137 shares of the construction company’s stock valued at $992,000 after purchasing an additional 39 shares in the last quarter. Quantum Capital Management LLC NJ lifted its position in shares of NVR by 60.3% during the first quarter. Quantum Capital Management LLC NJ now owns 10,537 shares of the construction company’s stock valued at $76,334,000 after purchasing an additional 3,965 shares in the last quarter. Candriam S.C.A. lifted its position in shares of NVR by 86.5% during the first quarter. Candriam S.C.A. now owns 317 shares of the construction company’s stock valued at $2,296,000 after purchasing an additional 147 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of NVR during the first quarter valued at about $724,000. 83.67% of the stock is owned by institutional investors.

Insider Activity at NVR

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 value of $1,616,488.00. Following the sale, the director owned 75 shares of the company’s stock, valued at $606,183. The trade was a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the business’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 transaction of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 850 shares of company stock worth $6,888,075. Insiders own 7.00% of the company’s stock.

NVR Stock Performance

NYSE NVR opened at $7,225.62 on Monday. The company’s 50 day moving average is $7,944.50 and its 200-day moving average is $7,613.49. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,527.85. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The firm has a market cap of $20.74 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 9.94 and a beta of 0.94.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.81%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the firm posted $130.50 earnings per share. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. Sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on NVR shares. 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 research note on Friday, October 10th. UBS Group boosted their target price on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. Wall Street Zen cut shares of NVR from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. boosted 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. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus price target of $8,366.67.

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.