Dai ichi Life Insurance Company Ltd Reduces Stake in NVR, Inc. (NYSE:NVR)

Dai ichi Life Insurance Company Ltd cut its stake in shares of NVR, Inc. (NYSE:NVR) by 1.7% during the third quarter, HoldingsChannel reports. The firm owned 119 shares of the construction company’s stock after selling 2 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in NVR were worth $1,168,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Massmutual Trust Co. FSB ADV raised its holdings in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after buying an additional 2 shares during the period. Blue Trust Inc. purchased a new stake in shares of NVR in the third quarter valued at $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR in the 3rd quarter worth about $39,000. Redwood Wealth Management Group LLC bought a new stake in shares of NVR in the 2nd quarter worth about $46,000. Finally, Private Trust Co. NA boosted its stake in shares of NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group increased their price objective 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. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, Bank of America decreased their target price 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8,783.33.

NVR Trading Down 0.3 %

NVR opened at $9,193.62 on Thursday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The firm has a market cap of $28.13 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.99 and a beta of 1.20. NVR, Inc. has a 12 month low of $6,052.58 and a 12 month high of $9,964.77. The stock has a fifty day moving average price of $9,415.14 and a 200-day moving average price of $8,623.43.

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

Insiders Place Their Bets

In related news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 775 shares of company stock valued at $7,294,073. 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.