NVR, Inc. (NYSE:NVR) Shares Sold by Malaga Cove Capital LLC

Malaga Cove Capital LLC lowered its stake in NVR, Inc. (NYSE:NVR) by 5.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36 shares of the construction company’s stock after selling 2 shares during the quarter. Malaga Cove Capital LLC’s holdings in NVR were worth $353,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. purchased a new stake in shares of NVR in the third quarter valued at $39,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in NVR by 1.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock valued at $44,791,000 after purchasing an additional 71 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of NVR by 3,377.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock worth $19,002,000 after purchasing an additional 2,432 shares during the last quarter. Sei Investments Co. grew its holdings in shares of NVR by 89.6% during the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock worth $21,489,000 after buying an additional 1,254 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of NVR in the first quarter valued at approximately $931,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,955,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,955,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

NVR Price Performance

NVR opened at $9,202.54 on Thursday. NVR, Inc. has a 1 year low of $5,818.01 and a 1 year high of $9,964.77. The company’s 50 day simple moving average is $9,434.23 and its 200 day simple moving average is $8,472.38. The stock has a market capitalization of $28.34 billion, a PE ratio of 18.81, a P/E/G ratio of 1.98 and a beta of 1.20. 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 (NYSE:NVR) last announced its quarterly earnings results 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). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the business earned $125.26 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, sell-side analysts expect that NVR, Inc. will post 496.62 EPS for the current year.

Analyst Upgrades and Downgrades

NVR has been the topic of a number of analyst reports. Bank of America decreased their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. UBS Group raised their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd.

NVR 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.