14 Shares in NVR, Inc. (NYSE:NVR) Acquired by Brooklyn Investment Group

Brooklyn Investment Group bought a new position in NVR, Inc. (NYSE:NVR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14 shares of the construction company’s stock, valued at approximately $137,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its holdings in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares in the last quarter. Blue Trust Inc. purchased a new stake in NVR in the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. purchased a new stake in NVR during the 3rd quarter valued at approximately $39,000. Private Trust Co. NA grew its holdings in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after buying an additional 2 shares in the last quarter. Finally, Redwood Wealth Management Group LLC purchased a new stake in NVR during the 2nd quarter valued at approximately $46,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the sale, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This trade represents a 65.79 % 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 NVR stock in a transaction 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 sale, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock worth $7,294,073 over the last three months. 7.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. UBS Group increased their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Bank of America cut their price objective 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. Finally, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, NVR presently has an average rating of “Hold” and a consensus price target of $8,783.33.

NVR Trading Down 0.3 %

NVR stock opened at $9,193.62 on Thursday. The firm has a fifty day moving average price of $9,415.14 and a 200 day moving average price of $8,623.43. NVR, Inc. has a fifty-two week low of $6,052.58 and a fifty-two week 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 firm has a market cap of $28.13 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $125.26 earnings per share. Sell-side analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

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.