NVR, Inc. (NVR) Shares Bought by Unigestion Holding SA

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Unigestion Holding SA increased its holdings in shares of NVR, Inc. (NYSE:NVR) by 28.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,641 shares of the construction company’s stock after purchasing an additional 588 shares during the quarter. Unigestion Holding SA’s holdings in NVR were worth $6,525,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new position in shares of NVR during the second quarter valued at $109,000. Cerebellum GP LLC grew its holdings in shares of NVR by 57.8% during the third quarter. Cerebellum GP LLC now owns 71 shares of the construction company’s stock valued at $175,000 after buying an additional 26 shares in the last quarter. WealthPLAN Partners LLC purchased a new position in shares of NVR during the second quarter valued at $220,000. Moneta Group Investment Advisors LLC grew its holdings in shares of NVR by 102.6% during the second quarter. Moneta Group Investment Advisors LLC now owns 79 shares of the construction company’s stock valued at $235,000 after buying an additional 40 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. purchased a new position in shares of NVR during the third quarter valued at $284,000. Institutional investors and hedge funds own 77.52% of the company’s stock.

In other NVR news, insider Robert W. Henley sold 4,203 shares of the business’s stock in a transaction dated Thursday, October 25th. The stock was sold at an average price of $2,131.63, for a total value of $8,959,240.89. Following the transaction, the insider now owns 797 shares in the company, valued at $1,698,909.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $2,727.09, for a total value of $2,727,090.00. Following the completion of the transaction, the insider now owns 5,198 shares in the company, valued at approximately $14,175,413.82. The disclosure for this sale can be found here. Insiders sold 22,053 shares of company stock worth $48,606,919 in the last 90 days. Corporate insiders own 11.30% of the company’s stock.

A number of research analysts have recently weighed in on NVR shares. ValuEngine downgraded NVR from a “sell” rating to a “strong sell” rating in a report on Friday, September 28th. Zacks Investment Research downgraded NVR from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. restated a “$2,892.50” rating and issued a $3,100.00 target price (down previously from $3,450.00) on shares of NVR in a research note on Monday, July 23rd. Wells Fargo & Co restated a “market perform” rating and issued a $2,410.00 target price (down previously from $3,780.00) on shares of NVR in a research note on Friday, October 19th. Finally, MKM Partners lowered their target price on NVR to $3,100.00 and set a “neutral” rating on the stock in a research note on Friday, August 3rd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $3,104.33.

Shares of NYSE NVR opened at $2,315.05 on Friday. The company has a current ratio of 3.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. NVR, Inc. has a one year low of $2,040.71 and a one year high of $3,700.00. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.88 and a beta of 0.62.

NVR (NYSE:NVR) last issued its earnings results on Thursday, October 18th. The construction company reported $48.28 EPS for the quarter, missing analysts’ consensus estimates of $50.94 by ($2.66). NVR had a net margin of 10.10% and a return on equity of 47.30%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the firm earned $38.02 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts anticipate that NVR, Inc. will post 185.25 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a share repurchase program on Wednesday, August 1st that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.

Featured Story: What are Institutional Investors?

Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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