D.A. Davidson & CO. Has $697,000 Stake in NVR, Inc. (NYSE:NVR)

D.A. Davidson & CO. lowered its stake in NVR, Inc. (NYSE:NVR) by 26.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 71 shares of the construction company’s stock after selling 26 shares during the quarter. D.A. Davidson & CO.’s holdings in NVR were worth $697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVR. Blue Trust Inc. acquired a new stake in NVR in the 3rd quarter worth approximately $39,000. Assenagon Asset Management S.A. raised its position in shares of NVR by 3,377.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock valued at $19,002,000 after purchasing an additional 2,432 shares during the period. Swedbank AB acquired a new stake in shares of NVR in the first quarter worth $931,000. Jane Street Group LLC boosted its holdings in shares of NVR by 1,285.4% during the 1st quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock worth $4,601,000 after buying an additional 527 shares during the period. Finally, Intech Investment Management LLC acquired a new position in NVR in the 3rd quarter valued at $9,341,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 0.6 %

NYSE NVR opened at $9,180.00 on Tuesday. NVR, Inc. has a twelve month low of $6,286.46 and a twelve month high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The stock has a market cap of $28.09 billion, a PE ratio of 18.88, a PEG ratio of 1.98 and a beta of 1.20. The firm has a 50-day simple moving average of $9,395.27 and a 200 day simple moving average of $8,656.49.

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). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. NVR’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $125.26 EPS. On average, research analysts forecast that NVR, Inc. will post 494.48 EPS for the current year.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $2,186,679. The trade was a 35.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Preiser sold 250 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock valued at $7,294,073 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent analyst reports. Bank of America decreased their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, UBS Group increased their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8,783.33.

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.