Daiwa Securities Group Inc. Boosts Stock Holdings in NVR, Inc. (NYSE:NVR)

Daiwa Securities Group Inc. increased its stake in NVR, Inc. (NYSE:NVR) by 170.2% during the 3rd quarter, Holdings Channel reports. The fund owned 1,070 shares of the construction company’s stock after purchasing an additional 674 shares during the quarter. Daiwa Securities Group Inc.’s holdings in NVR were worth $10,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after purchasing an additional 363,004 shares during the period. Smead Capital Management Inc. increased its stake in shares of NVR by 3.5% during the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock worth $355,365,000 after buying an additional 1,223 shares during the period. Jennison Associates LLC acquired a new stake in NVR in the third quarter valued at approximately $348,545,000. Marshfield Associates lifted its stake in NVR by 0.3% in the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock worth $248,290,000 after acquiring an additional 96 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in NVR by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock worth $221,595,000 after acquiring an additional 906 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Price Performance

Shares of NVR opened at $9,007.24 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR, Inc. has a 1-year low of $6,052.58 and a 1-year high of $9,964.77. The stock has a market cap of $27.56 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The firm has a fifty day moving average price of $9,422.94 and a 200 day moving average price of $8,600.83.

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

Insider Activity

In other NVR news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.