Atria Investments Inc Trims Stock Position in NVR, Inc. (NYSE:NVR)

Atria Investments Inc trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222 shares of the construction company’s stock after selling 22 shares during the quarter. Atria Investments Inc’s holdings in NVR were worth $2,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC lifted its position in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after acquiring an additional 363,004 shares in the last quarter. Marshfield Associates boosted its position in shares of NVR by 0.3% during the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock worth $248,290,000 after buying an additional 96 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of NVR by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock worth $221,595,000 after purchasing an additional 906 shares in the last quarter. TD Asset Management Inc boosted its position in NVR by 143.8% in the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock valued at $182,277,000 after buying an additional 14,167 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in NVR by 56.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock worth $172,109,000 after purchasing an additional 8,140 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $2,186,679. This represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 in the last ninety days. Company insiders own 7.00% of the company’s stock.

NVR Stock Up 0.8 %

NVR stock opened at $9,179.61 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The company’s 50 day simple moving average is $9,445.21 and its 200-day simple moving average is $8,527.18. The firm has a market capitalization of $28.09 billion, a PE ratio of 18.77, a P/E/G ratio of 1.97 and a beta of 1.20. NVR, Inc. has a 12 month low of $6,052.58 and a 12 month high of $9,964.77.

NVR (NYSE:NVR) last released its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the firm posted $125.26 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Equities analysts expect that NVR, Inc. will post 490.62 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.