AlphaQuest LLC Sells 177 Shares of NVR, Inc. $NVR

AlphaQuest LLC lowered its position in shares of NVR, Inc. (NYSE:NVR) by 63.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100 shares of the construction company’s stock after selling 177 shares during the quarter. AlphaQuest LLC’s holdings in NVR were worth $739,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jump Financial LLC raised its position in shares of NVR by 201.6% during the first quarter. Jump Financial LLC now owns 193 shares of the construction company’s stock worth $1,398,000 after acquiring an additional 129 shares during the last quarter. Nomura Holdings Inc. raised its position in shares of NVR by 39.8% during the first quarter. Nomura Holdings Inc. now owns 137 shares of the construction company’s stock worth $992,000 after acquiring an additional 39 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of NVR by 12.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company’s stock worth $2,377,000 after acquiring an additional 36 shares during the last quarter. GAMMA Investing LLC raised its position in shares of NVR by 15.8% during the first quarter. GAMMA Investing LLC now owns 22 shares of the construction company’s stock worth $159,000 after acquiring an additional 3 shares during the last quarter. Finally, Quantum Capital Management LLC NJ raised its position in shares of NVR by 60.3% during the first quarter. Quantum Capital Management LLC NJ now owns 10,537 shares of the construction company’s stock worth $76,334,000 after acquiring an additional 3,965 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Stock Up 0.1%

NYSE:NVR opened at $7,436.72 on Tuesday. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,527.85. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The stock has a market cap of $21.34 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 10.04 and a beta of 0.94. The stock has a 50-day moving average price of $8,008.47 and a two-hundred day moving average price of $7,605.78.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm earned $130.50 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis. As a group, equities analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the business’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 of the company’s stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were 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 directly 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. Over the last ninety days, insiders sold 975 shares of company stock valued at $7,869,360. Company insiders own 7.00% of the company’s stock.

About NVR

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.