Resona Asset Management Co. Ltd. Purchases 43 Shares of NVR, Inc. $NVR

Resona Asset Management Co. Ltd. lifted its holdings in NVR, Inc. (NYSE:NVR) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,044 shares of the construction company’s stock after acquiring an additional 43 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in NVR were worth $7,709,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 31 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of NVR by 9.2% in the first quarter. Envestnet Asset Management Inc. now owns 8,587 shares of the construction company’s stock valued at $62,204,000 after buying an additional 720 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in NVR by 3.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 819 shares of the construction company’s stock worth $5,933,000 after buying an additional 27 shares in the last quarter. Cerity Partners LLC lifted its position in NVR by 25.9% during the 1st quarter. Cerity Partners LLC now owns 379 shares of the construction company’s stock worth $2,746,000 after buying an additional 78 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in NVR by 6.7% during the 1st quarter. Ballentine Partners LLC now owns 32 shares of the construction company’s stock worth $232,000 after acquiring an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVR

In other news, 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 transaction, the director owned 75 shares in the company, valued at $606,183. This represents a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. This represents a 74.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 850 shares of company stock valued at $6,888,075. 7.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. UBS Group raised their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Bank of America reduced their price objective on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded NVR from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8,366.67.

NVR Stock Up 0.7%

Shares of NVR stock opened at $7,242.58 on Friday. The company has a market capitalization of $20.79 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 9.94 and a beta of 0.93. 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 has a 50-day moving average of $7,852.22 and a two-hundred day moving average of $7,610.13. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,376.75.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the firm earned $130.50 EPS. NVR’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts predict that NVR, Inc. will post 505.2 EPS 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.