Harvest Fund Management Co. Ltd Increases Stock Position in NVR, Inc. (NYSE:NVR)

Harvest Fund Management Co. Ltd grew its stake in shares of NVR, Inc. (NYSE:NVR) by 27.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 46 shares of the construction company’s stock after buying an additional 10 shares during the period. Harvest Fund Management Co. Ltd’s holdings in NVR were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NVR. Janus Henderson Group PLC boosted its position in shares of NVR by 7.7% in the first quarter. Janus Henderson Group PLC now owns 406 shares of the construction company’s stock valued at $3,283,000 after acquiring an additional 29 shares during the period. Jane Street Group LLC increased its stake in NVR by 1,285.4% in the first quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock valued at $4,601,000 after acquiring an additional 527 shares during the last quarter. Tidal Investments LLC increased its position in shares of NVR by 26.9% during the 1st quarter. Tidal Investments LLC now owns 85 shares of the construction company’s stock valued at $686,000 after purchasing an additional 18 shares during the last quarter. Comerica Bank raised its holdings in shares of NVR by 22.2% during the 1st quarter. Comerica Bank now owns 656 shares of the construction company’s stock valued at $5,314,000 after buying an additional 119 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new stake in NVR in the 1st quarter worth approximately $1,782,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In other NVR news, Director David A. Preiser sold 250 shares of the stock in a transaction on Friday, November 8th. The stock was 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 owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is currently owned by corporate insiders.

NVR Trading Down 0.6 %

Shares of NVR opened at $9,239.46 on Wednesday. The stock has a market capitalization of $28.31 billion, a P/E ratio of 18.89, a PEG ratio of 1.93 and a beta of 1.20. NVR, Inc. has a twelve month low of $6,052.58 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 firm has a fifty day simple moving average of $9,420.06 and a two-hundred day simple moving average of $8,612.27.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. NVR’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $125.26 earnings per share. On average, research analysts anticipate that NVR, Inc. will post 494.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group increased their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Bank of America lowered their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. 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, the company currently has an average rating of “Hold” and a consensus target price of $8,783.33.

NVR Company 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.