Nisa Investment Advisors LLC Trims Stock Position in NVR, Inc. $NVR

Nisa Investment Advisors LLC trimmed its stake in NVR, Inc. (NYSE:NVR) by 21.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 625 shares of the construction company’s stock after selling 175 shares during the period. Nisa Investment Advisors LLC’s holdings in NVR were worth $5,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVR. Boston Partners boosted its stake in NVR by 9.9% in the second quarter. Boston Partners now owns 64,952 shares of the construction company’s stock valued at $479,900,000 after acquiring an additional 5,875 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of NVR by 9,358.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock valued at $356,277,000 after purchasing an additional 47,729 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of NVR by 7.5% in the 2nd quarter. Invesco Ltd. now owns 37,668 shares of the construction company’s stock valued at $278,203,000 after purchasing an additional 2,629 shares during the last quarter. Norges Bank acquired a new stake in shares of NVR in the 2nd quarter valued at about $268,447,000. Finally, First Trust Advisors LP grew its stake in NVR by 3.7% during the 2nd quarter. First Trust Advisors LP now owns 25,017 shares of the construction company’s stock worth $184,768,000 after buying an additional 894 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Price Performance

Shares of NYSE NVR opened at $7,564.87 on Monday. The stock has a fifty day moving average price of $7,367.44 and a 200 day moving average price of $7,686.68. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $8,618.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.96 and a quick ratio of 3.16. The company has a market cap of $21.48 billion, a PE ratio of 16.60, a P/E/G ratio of 10.29 and a beta of 1.01.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.89%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the firm earned $130.50 EPS. NVR’s quarterly revenue was down 4.5% on a year-over-year basis. Sell-side analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of research reports. BTIG Research initiated coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. UBS Group cut their target price on shares of NVR from $8,500.00 to $8,150.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Bank of America lowered their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $8,443.00.

Insider Buying and Selling

In other news, Director Michael J. Devito acquired 14 shares of NVR stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the transaction, the director directly owned 14 shares in the company, valued at approximately $98,952.70. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is currently owned by insiders.

NVR Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.