Boston Partners Sells 1,724 Shares of NVR, Inc. $NVR

Boston Partners lessened its stake in NVR, Inc. (NYSE:NVR) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,444 shares of the construction company’s stock after selling 1,724 shares during the period. Boston Partners’ holdings in NVR were worth $455,533,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of NVR by 0.3% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 17,536 shares of the construction company’s stock valued at $127,886,000 after buying an additional 46 shares during the period. Banco Santander S.A. bought a new stake in shares of NVR in the fourth quarter valued at about $1,604,000. Macquarie Group Ltd. lifted its stake in shares of NVR by 22.4% in the fourth quarter. Macquarie Group Ltd. now owns 600 shares of the construction company’s stock valued at $4,376,000 after buying an additional 110 shares during the period. Federation des caisses Desjardins du Quebec raised its position in NVR by 12.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 159 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 18 shares in the last quarter. Finally, Jane Street Group LLC raised its position in NVR by 252.2% in the fourth quarter. Jane Street Group LLC now owns 12,693 shares of the construction company’s stock worth $92,567,000 after purchasing an additional 9,089 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NVR shares. Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BTIG Research reissued a “buy” rating and issued a $8,096.00 price target on shares of NVR in a research report on Wednesday, April 22nd. Bank of America dropped their price target on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Finally, UBS Group dropped their price objective on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, NVR presently has an average rating of “Hold” and a consensus price target of $7,649.33.

Insider Buying and Selling at NVR

In other news, Director Michael J. Devito acquired 11 shares of the stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the purchase, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is owned by corporate insiders.

NVR Trading Down 1.4%

NVR opened at $6,387.51 on Friday. The stock has a market capitalization of $17.25 billion, a P/E ratio of 15.57, a P/E/G ratio of 4.77 and a beta of 0.93. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The firm’s fifty day simple moving average is $6,312.62 and its 200 day simple moving average is $6,979.91. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm posted $94.83 earnings per share. The firm’s quarterly revenue was down 21.7% on a year-over-year basis. As a group, research analysts anticipate that NVR, Inc. will post 375.15 EPS for the current fiscal year.

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.