Cumberland Partners Ltd Lowers Holdings in NVR, Inc. (NYSE:NVR)

Cumberland Partners Ltd trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225 shares of the construction company’s stock after selling 15 shares during the period. Cumberland Partners Ltd’s holdings in NVR were worth $2,208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NVR. International Assets Investment Management LLC boosted its stake in shares of NVR by 1,100,012.1% during the 3rd 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 in the last quarter. Marshfield Associates grew its position in shares of NVR by 0.3% in the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock valued at $248,290,000 after purchasing an additional 96 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of NVR by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock valued at $221,595,000 after acquiring an additional 906 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of 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 purchasing an additional 14,167 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in NVR by 56.0% in the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after acquiring an additional 8,140 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVR news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 775 shares of company stock valued at $7,294,073. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent research reports. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group upped their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday. Finally, Bank of America dropped their target price on 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 issued a buy rating to the company. Based on data from MarketBeat.com, NVR currently has an average rating of “Hold” and an average price target of $8,783.33.

NVR Price Performance

NVR stock traded down $148.38 during mid-day trading on Tuesday, hitting $9,100.88. The company’s stock had a trading volume of 1,562 shares, compared to its average volume of 19,049. NVR, Inc. has a twelve month low of $5,950.21 and a twelve month high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $27.85 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.99 and a beta of 1.20. The stock’s fifty day moving average price is $9,442.19 and its two-hundred day moving average price is $8,508.18.

NVR (NYSE:NVR) last posted its quarterly earnings data 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). The firm had revenue of $2.68 billion for 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%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $125.26 earnings per share. Research analysts forecast that NVR, Inc. will post 496.62 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.