Securian Asset Management Inc. Decreases Stock Holdings in NVR, Inc. $NVR

Securian Asset Management Inc. reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159 shares of the construction company’s stock after selling 8 shares during the quarter. Securian Asset Management Inc.’s holdings in NVR were worth $1,174,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Ballentine Partners LLC lifted its stake in shares of NVR by 6.7% during the 1st quarter. Ballentine Partners LLC now owns 32 shares of the construction company’s stock worth $232,000 after purchasing an additional 2 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of NVR by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company’s stock worth $2,796,000 after purchasing an additional 2 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of NVR by 4.2% during the 1st quarter. Baird Financial Group Inc. now owns 50 shares of the construction company’s stock worth $362,000 after purchasing an additional 2 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of NVR by 6.5% during the 2nd quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock worth $244,000 after purchasing an additional 2 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of NVR by 4.2% during the 2nd quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock worth $369,000 after purchasing an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the transaction, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the transaction, the director owned 75 shares of the company’s stock, valued at approximately $606,183. The trade was a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 975 shares of company stock worth $7,869,360 over the last three months. 7.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Bank of America decreased their price objective on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. UBS Group increased their price target on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price target on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus target price of $8,366.67.

NVR Trading Down 0.1%

NVR stock opened at $7,690.22 on Friday. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,573.04. The stock has a market cap of $22.07 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 10.70 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The stock has a 50-day moving average of $8,038.69 and a two-hundred day moving average of $7,588.47.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the business posted $130.50 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR 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.