Sumitomo Mitsui Trust Group Inc. Has $74.03 Million Stake in NVR, Inc. (NYSE:NVR)

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of NVR, Inc. (NYSE:NVR) by 0.1% during the third quarter, Holdings Channel reports. The fund owned 7,545 shares of the construction company’s stock after acquiring an additional 11 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in NVR were worth $74,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV increased its holdings in shares of NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares during the last quarter. Blue Trust Inc. bought a new position in NVR in the 3rd quarter valued at about $39,000. Redwood Wealth Management Group LLC acquired a new stake in NVR during the second quarter worth approximately $46,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of NVR during the second quarter worth approximately $53,000. Finally, UMB Bank n.a. grew its position in shares of NVR by 57.1% in the second quarter. UMB Bank n.a. now owns 11 shares of the construction company’s stock valued at $83,000 after purchasing an additional 4 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

NVR opened at $9,179.61 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR, Inc. has a 52-week low of $6,052.58 and a 52-week high of $9,964.77. The firm has a market cap of $28.09 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The business’s fifty day moving average is $9,445.21 and its 200-day moving average is $8,527.18.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the company earned $125.26 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that NVR, Inc. will post 490.62 EPS for the current fiscal year.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David A. Preiser sold 250 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock worth $7,294,073 over the last three months. Corporate insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on NVR shares. Bank of America dropped their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. 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 raised their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.