Parametrica Management Ltd trimmed its stake in NVR, Inc. (NYSE:NVR) by 62.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112 shares of the construction company’s stock after selling 183 shares during the quarter. Parametrica Management Ltd’s holdings in NVR were worth $320,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its holdings in NVR by 14.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,290 shares of the construction company’s stock worth $3,683,000 after purchasing an additional 165 shares during the period. Pictet Asset Management Ltd. grew its holdings in NVR by 37.3% in the third quarter. Pictet Asset Management Ltd. now owns 1,510 shares of the construction company’s stock worth $4,311,000 after purchasing an additional 410 shares during the period. First Midwest Bank Trust Division acquired a new stake in NVR in the third quarter worth $657,000. Leavell Investment Management Inc. grew its holdings in NVR by 48.0% in the third quarter. Leavell Investment Management Inc. now owns 370 shares of the construction company’s stock worth $1,056,000 after purchasing an additional 120 shares during the period. Finally, Highstreet Asset Management Inc. acquired a new stake in NVR in the third quarter worth $228,000. Institutional investors and hedge funds own 80.59% of the company’s stock.
In other news, Director Eddie Arthur Grier sold 165 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the sale, the director now owns 340 shares of the company’s stock, valued at approximately $911,968.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy M. Donahue sold 326 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $3,266.87, for a total transaction of $1,064,999.62. Following the sale, the director now directly owns 844 shares in the company, valued at approximately $2,757,238.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 816 shares of company stock worth $2,394,845. Insiders own 11.30% of the company’s stock.
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NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, October 19th. The construction company reported $38.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $35.77 by $2.25. NVR had a net margin of 9.22% and a return on equity of 38.23%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the firm posted $28.46 EPS. NVR’s revenue for the quarter was up 8.5% on a year-over-year basis.
A number of equities research analysts have commented on NVR shares. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, October 20th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Wells Fargo & Company reiterated a “market perform” rating on shares of NVR in a report on Friday, October 20th. Finally, MKM Partners reiterated a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $3,111.75.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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