229 Shares in NVR, Inc. (NVR) Purchased by Piedmont Investment Advisors Inc.

Piedmont Investment Advisors Inc. purchased a new stake in shares of NVR, Inc. (NYSE:NVR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 229 shares of the construction company’s stock, valued at approximately $566,000.

Several other hedge funds have also made changes to their positions in NVR. Advisors Asset Management Inc. lifted its stake in shares of NVR by 150,961.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 335,356 shares of the construction company’s stock valued at $487,000 after buying an additional 335,134 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of NVR during the 3rd quarter valued at approximately $35,614,000. Altman Advisors Inc. lifted its stake in shares of NVR by 1,518.3% during the 2nd quarter. Altman Advisors Inc. now owns 8,496 shares of the construction company’s stock valued at $2,013,000 after buying an additional 7,971 shares in the last quarter. Investec Asset Management LTD purchased a new stake in shares of NVR during the 2nd quarter valued at approximately $21,669,000. Finally, Natixis lifted its stake in shares of NVR by 793.0% during the 2nd quarter. Natixis now owns 7,510 shares of the construction company’s stock valued at $22,307,000 after buying an additional 6,669 shares in the last quarter. Institutional investors own 77.99% of the company’s stock.

A number of analysts recently commented on NVR shares. Zacks Investment Research cut shares of NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Bank of America lowered shares of NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 target price on the stock. in a report on Thursday, October 18th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $2,410.00 target price (down previously from $3,780.00) on shares of NVR in a report on Friday, October 19th. ValuEngine lowered shares of NVR from a “sell” rating to a “strong sell” rating in a report on Friday, September 28th. Finally, MKM Partners decreased their target price on shares of NVR to $3,100.00 and set a “neutral” rating on the stock in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $3,104.33.

In related news, insider Robert W. Henley sold 14,850 shares of the company’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $2,145.61, for a total transaction of $31,862,308.50. Following the sale, the insider now owns 4,500 shares of the company’s stock, valued at approximately $9,655,245. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey D. Martchek sold 4,411 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $2,385.93, for a total transaction of $10,524,337.23. Following the sale, the insider now directly owns 8,609 shares in the company, valued at approximately $20,540,471.37. The disclosure for this sale can be found here. Insiders have sold a total of 25,464 shares of company stock worth $56,404,167 in the last ninety days. 11.30% of the stock is currently owned by insiders.

NVR stock opened at $2,482.54 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 3.74. The company has a market cap of $8.97 billion, a P/E ratio of 17.54, a PEG ratio of 0.96 and a beta of 0.62. NVR, Inc. has a 1-year low of $2,040.71 and a 1-year high of $3,700.00.

NVR (NYSE:NVR) last posted its earnings results on Thursday, October 18th. The construction company reported $48.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $50.94 by ($2.66). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. NVR had a return on equity of 47.30% and a net margin of 10.10%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the company posted $38.02 EPS. Research analysts expect that NVR, Inc. will post 185.25 EPS for the current year.

NVR declared that its Board of Directors has approved a share buyback program on Wednesday, August 1st that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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