NVR, Inc. (NVR) Shares Sold by First Quadrant L P CA

First Quadrant L P CA trimmed its holdings in NVR, Inc. (NYSE:NVR) by 31.0% in the third quarter, Holdings Channel reports. The fund owned 98 shares of the construction company’s stock after selling 44 shares during the period. First Quadrant L P CA’s holdings in NVR were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advisors Asset Management Inc. lifted its holdings in NVR by 150,961.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 335,356 shares of the construction company’s stock valued at $487,000 after acquiring an additional 335,134 shares during the last quarter. FMR LLC lifted its stake in NVR by 2.3% during the second quarter. FMR LLC now owns 90,721 shares of the construction company’s stock valued at $269,473,000 after buying an additional 2,004 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in NVR by 10.5% during the second quarter. Bank of New York Mellon Corp now owns 51,059 shares of the construction company’s stock valued at $151,664,000 after buying an additional 4,845 shares in the last quarter. Northern Trust Corp lifted its stake in NVR by 3.1% during the second quarter. Northern Trust Corp now owns 42,575 shares of the construction company’s stock valued at $126,461,000 after buying an additional 1,270 shares in the last quarter. Finally, USS Investment Management Ltd lifted its stake in NVR by 44.2% during the second quarter. USS Investment Management Ltd now owns 35,334 shares of the construction company’s stock valued at $104,954,000 after buying an additional 10,830 shares in the last quarter. 77.91% of the stock is owned by institutional investors.

NVR stock opened at $2,242.04 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 3.74 and a debt-to-equity ratio of 0.36. NVR, Inc. has a one year low of $2,040.71 and a one year high of $3,700.00. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.85 and a beta of 0.48.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, October 18th. The construction company reported $48.28 EPS for the quarter, missing analysts’ consensus estimates of $50.94 by ($2.66). NVR had a net margin of 10.10% and a return on equity of 47.30%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company posted $38.02 earnings per share. NVR’s quarterly revenue was up 8.8% compared to the same quarter last year. Sell-side analysts predict that NVR, Inc. will post 185.25 EPS for the current year.

NVR announced that its board has initiated a share repurchase program on Wednesday, August 1st that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

A number of analysts have commented on NVR shares. Zacks Investment Research lowered shares of NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. ValuEngine lowered shares of NVR from a “sell” rating to a “strong sell” rating in a research note on Friday, September 28th. MKM Partners reduced their price objective on shares of NVR to $3,100.00 and set a “neutral” rating for the company in a research note on Friday, August 3rd. Wells Fargo & Co reaffirmed a “market perform” rating and set a $2,410.00 price objective (down from $3,780.00) on shares of NVR in a research note on Friday, October 19th. Finally, Bank of America lowered shares of NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 price objective for the company. in a research note on Thursday, October 18th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. NVR presently has an average rating of “Hold” and a consensus target price of $3,104.33.

In other news, insider Robert W. Henley sold 4,203 shares of the stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $2,131.63, for a total value of $8,959,240.89. Following the completion of the sale, the insider now directly owns 797 shares of the company’s stock, valued at $1,698,909.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert W. Henley sold 14,850 shares of the stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $2,145.61, for a total transaction of $31,862,308.50. Following the completion of the sale, the insider now directly owns 4,500 shares of the company’s stock, valued at $9,655,245. The disclosure for this sale can be found here. Insiders sold 21,053 shares of company stock valued at $46,261,919 over the last three months. 12.00% of the stock is owned by insiders.

NVR Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.

Further Reading: Insider Trading

Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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