Drive Wealth Management LLC Has $207,000 Holdings in NVR, Inc. $NVR

Drive Wealth Management LLC lowered its stake in NVR, Inc. (NYSE:NVR) by 9.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28 shares of the construction company’s stock after selling 3 shares during the period. Drive Wealth Management LLC’s holdings in NVR were worth $207,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of NVR during the 2nd quarter worth about $49,115,000. Foster & Motley Inc. acquired a new position in shares of NVR during the 2nd quarter worth about $1,078,000. Nordea Investment Management AB lifted its position in shares of NVR by 8.4% during the 2nd quarter. Nordea Investment Management AB now owns 259 shares of the construction company’s stock worth $1,902,000 after purchasing an additional 20 shares during the last quarter. Empirical Asset Management LLC lifted its position in shares of NVR by 32.4% during the 2nd quarter. Empirical Asset Management LLC now owns 45 shares of the construction company’s stock worth $332,000 after purchasing an additional 11 shares during the last quarter. Finally, Praxis Investment Management Inc. acquired a new position in shares of NVR during the 2nd quarter worth about $369,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity

In other news, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the sale, the director directly owned 386 shares in the company, valued at approximately $3,030,208.08. This represents a 24.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alexandra A. Jung sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the sale, the director owned 75 shares in the company, valued at approximately $606,183. This represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 975 shares of company stock worth $7,869,360. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NVR. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group boosted their price objective on NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Bank of America cut their price objective on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, NVR has an average rating of “Hold” and a consensus price target of $8,250.00.

NVR Trading Up 1.6%

Shares of NVR opened at $7,805.01 on Wednesday. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,645.00. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 10.68 and a beta of 0.94. The stock’s 50-day moving average price is $8,061.03 and its 200 day moving average price is $7,583.33.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%.The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company posted $120.69 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

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.