Brown Brothers Harriman & Co. Increases Holdings in NVR, Inc. (NYSE:NVR)

Brown Brothers Harriman & Co. increased its stake in shares of NVR, Inc. (NYSE:NVR) by 11.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,514 shares of the construction company’s stock after purchasing an additional 250 shares during the period. Brown Brothers Harriman & Co.’s holdings in NVR were worth $24,667,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd lifted its holdings in shares of NVR by 27.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 46 shares of the construction company’s stock worth $452,000 after buying an additional 10 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in NVR by 170.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,070 shares of the construction company’s stock worth $10,498,000 after acquiring an additional 674 shares during the period. Cerity Partners LLC lifted its stake in NVR by 66.5% in the 3rd quarter. Cerity Partners LLC now owns 358 shares of the construction company’s stock worth $3,513,000 after purchasing an additional 143 shares in the last quarter. Intech Investment Management LLC purchased a new stake in NVR in the 3rd quarter worth approximately $9,341,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in NVR by 53.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,690 shares of the construction company’s stock valued at $104,888,000 after purchasing an additional 3,741 shares during the period. Institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on NVR shares. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group upped their target price 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. Bank of America dropped their price target on 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. Finally, Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8,783.33.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $2,186,679. This represents a 35.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Preiser sold 250 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This represents 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 over the last ninety days. Insiders own 7.00% of the company’s stock.

NVR Stock Up 0.7 %

Shares of NYSE:NVR opened at $9,007.24 on Monday. The firm has a market capitalization of $27.56 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.93 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. NVR, Inc. has a 52-week low of $6,052.58 and a 52-week high of $9,964.77. The firm has a fifty day moving average of $9,422.94 and a 200 day moving average of $8,600.83.

NVR (NYSE:NVR) last posted its quarterly earnings data 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). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. NVR’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $125.26 earnings per share. As a group, research analysts anticipate that NVR, Inc. will post 494.48 EPS for the current fiscal year.

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.