Hartford Investment Management Co. Has $1.89 Million Holdings in NVR, Inc. (NYSE:NVR)

Hartford Investment Management Co. trimmed its holdings in NVR, Inc. (NYSE:NVR) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 193 shares of the construction company’s stock after selling 7 shares during the period. Hartford Investment Management Co.’s holdings in NVR were worth $1,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NVR. Park Avenue Securities LLC grew its position in shares of NVR by 4.8% in the 1st quarter. Park Avenue Securities LLC now owns 66 shares of the construction company’s stock valued at $535,000 after purchasing an additional 3 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of NVR by 0.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 418 shares of the construction company’s stock worth $3,389,000 after acquiring an additional 2 shares in the last quarter. Occidental Asset Management LLC bought a new stake in shares of NVR during the first quarter worth $202,000. Alpha Omega Wealth Management LLC acquired a new stake in shares of NVR during the first quarter worth $202,000. Finally, Strata Wealth Advisors LLC lifted its position in NVR by 21.6% in the 1st quarter. Strata Wealth Advisors LLC now owns 236 shares of the construction company’s stock valued at $1,912,000 after acquiring an additional 42 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,955,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other NVR news, Director Alfred E. Festa sold 148 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total transaction of $1,270,720.60. Following the transaction, the director now owns 173 shares of the company’s stock, valued at $1,485,369.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,955,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

NVR Stock Up 0.5 %

NVR stock opened at $9,456.40 on Friday. The company has a fifty day simple moving average of $9,387.84 and a 200 day simple moving average of $8,375.33. The company has a current ratio of 5.84, a quick ratio of 3.32 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 1-year low of $5,210.49 and a 1-year high of $9,964.77. The company has a market cap of $29.13 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.18%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the business earned $125.26 EPS. NVR’s revenue was up 6.6% on a year-over-year basis. Research analysts anticipate that NVR, Inc. will post 500.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America lowered their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday. UBS Group increased their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday.

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.