35,523 Shares in NVR, Inc. (NYSE:NVR) Purchased by Jennison Associates LLC

Jennison Associates LLC purchased a new position in shares of NVR, Inc. (NYSE:NVR) during the third quarter, HoldingsChannel reports. The fund purchased 35,523 shares of the construction company’s stock, valued at approximately $348,545,000.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC increased its position in NVR by 1,100,012.1% during the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after acquiring an additional 363,004 shares during the period. Smead Capital Management Inc. increased its holdings in NVR by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock valued at $355,365,000 after buying an additional 1,223 shares during the period. Marshfield Associates increased its holdings in NVR by 0.3% in the 2nd quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock valued at $248,290,000 after buying an additional 96 shares during the period. Dimensional Fund Advisors LP increased its holdings in NVR by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock valued at $221,595,000 after buying an additional 906 shares during the period. Finally, TD Asset Management Inc increased its holdings in NVR by 143.8% in the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock valued at $182,277,000 after buying an additional 14,167 shares during the period. 83.67% of the stock is owned by institutional investors.

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. The trade was a 35.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction 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 owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock worth $7,294,073 in the last quarter. Company insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVR. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group lifted their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Bank of America cut their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8,783.33.

NVR Stock Up 1.0 %

Shares of NYSE NVR opened at $8,955.13 on Wednesday. The company has a market capitalization of $27.40 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. NVR, Inc. has a 52-week low of $6,052.58 and a 52-week high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The company’s 50 day moving average price is $9,435.69 and its 200-day moving average price is $8,572.27.

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