31 Shares in NVR, Inc. (NYSE:NVR) Acquired by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC purchased a new stake in NVR, Inc. (NYSE:NVR) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 31 shares of the construction company’s stock, valued at approximately $304,000.

A number of other hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of NVR by 0.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company’s stock valued at $2,383,000 after purchasing an additional 2 shares during the period. Drive Wealth Management LLC increased its position in shares of NVR by 7.7% in the second quarter. Drive Wealth Management LLC now owns 28 shares of the construction company’s stock valued at $212,000 after acquiring an additional 2 shares during the period. Deseret Mutual Benefit Administrators raised its stake in shares of NVR by 8.7% during the second quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company’s stock valued at $190,000 after acquiring an additional 2 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after purchasing an additional 2 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of NVR by 13.3% in the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock worth $167,000 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 Buying and Selling

In other news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at $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 valued at $7,294,073 over the last quarter. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on NVR shares. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group raised their price target 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. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Bank of America dropped their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8,783.33.

NVR Stock Down 1.7 %

Shares of NYSE:NVR opened at $9,026.00 on Monday. The firm has a market capitalization of $27.66 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.94 and a beta of 1.20. 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 stock has a 50 day moving average price of $9,444.50 and a 200-day moving average price of $8,552.93. NVR, Inc. has a 52-week low of $6,052.58 and a 52-week high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion for 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 business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $125.26 EPS. As a group, equities research analysts anticipate that NVR, Inc. will post 494.48 EPS for the current fiscal year.

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.