Plato Investment Management Ltd Lowers Stock Position in NVR, Inc. $NVR

Plato Investment Management Ltd reduced its position in shares of NVR, Inc. (NYSE:NVR) by 11.3% during the first quarter, Holdings Channel reports. The firm owned 220 shares of the construction company’s stock after selling 28 shares during the period. Plato Investment Management Ltd’s holdings in NVR were worth $1,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new stake in NVR in the 1st quarter valued at about $283,000. SCS Capital Management LLC bought a new position in shares of NVR in the first quarter valued at approximately $427,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NVR by 1.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 25,891 shares of the construction company’s stock valued at $187,565,000 after acquiring an additional 412 shares during the last quarter. Woodline Partners LP increased its position in shares of NVR by 28.4% during the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after acquiring an additional 56 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in NVR by 18.0% during the first quarter. Empowered Funds LLC now owns 1,491 shares of the construction company’s stock worth $10,801,000 after acquiring an additional 227 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of NVR 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 transaction of $1,616,488.00. Following the completion of the transaction, the director owned 75 shares of the company’s stock, valued at $606,183. This represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock valued at $7,869,360 over the last quarter. Company insiders own 7.00% of the company’s stock.

NVR Stock Up 0.6%

Shares of NYSE NVR opened at $8,325.38 on Thursday. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The business’s fifty day moving average price is $7,908.02 and its 200-day moving average price is $7,444.16. The stock has a market capitalization of $23.89 billion, a PE ratio of 17.57, a P/E/G ratio of 11.51 and a beta of 0.95.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping the consensus estimate of $104.89 by $3.65. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $120.69 EPS. On average, equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVR. JPMorgan Chase & Co. upped their price objective 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. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, UBS Group raised their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.