KBC Group NV Grows Holdings in NVR, Inc. (NYSE:NVR)

KBC Group NV raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 299.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,622 shares of the construction company’s stock after purchasing an additional 4,216 shares during the quarter. KBC Group NV’s holdings in NVR were worth $55,162,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position 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 buying an additional 363,004 shares in the last quarter. Marshfield Associates lifted its stake in NVR by 0.3% in the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock worth $248,290,000 after acquiring an additional 96 shares during the period. Dimensional Fund Advisors LP grew its holdings in NVR by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock worth $221,595,000 after acquiring an additional 906 shares in the last quarter. TD Asset Management Inc increased its position in NVR by 143.8% during 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 period. Finally, Epoch Investment Partners Inc. raised its holdings in shares of NVR by 56.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after purchasing an additional 8,140 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group upped their target price on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Bank of America decreased their price objective on 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. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, NVR presently has an average rating of “Hold” and a consensus price target of $8,783.33.

NVR Stock Up 0.8 %

NVR stock opened at $9,179.61 on Friday. The company has a market capitalization of $28.09 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20. The firm’s fifty day simple moving average is $9,445.21 and its 200-day simple moving average is $8,527.18. NVR, Inc. has a 12 month low of $6,052.58 and a 12 month high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion during 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 prior year, the company posted $125.26 EPS. As a group, equities research analysts forecast that NVR, Inc. will post 494.87 earnings per share for the current year.

Insiders Place Their Bets

In other NVR news, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 775 shares of company stock worth $7,294,073. Company 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.