Timucuan Asset Management Inc. FL Grows Stock Position in NVR, Inc. $NVR

Timucuan Asset Management Inc. FL boosted its holdings in NVR, Inc. (NYSE:NVR) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,330 shares of the construction company’s stock after buying an additional 14 shares during the period. NVR accounts for approximately 2.4% of Timucuan Asset Management Inc. FL’s holdings, making the stock its 16th largest holding. Timucuan Asset Management Inc. FL owned approximately 0.39% of NVR worth $83,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares during the last quarter. Cetera Investment Advisers raised its stake in NVR by 2.0% during the first quarter. Cetera Investment Advisers now owns 256 shares of the construction company’s stock worth $1,855,000 after purchasing an additional 5 shares during the period. LPL Financial LLC boosted its holdings in shares of NVR by 0.8% in the 1st quarter. LPL Financial LLC now owns 483 shares of the construction company’s stock valued at $3,495,000 after purchasing an additional 4 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of NVR by 0.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,036 shares of the construction company’s stock valued at $7,505,000 after purchasing an additional 7 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of NVR by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,475 shares of the construction company’s stock valued at $155,573,000 after buying an additional 535 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

In other news, Director Michael J. Devito bought 14 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the purchase, the director owned 14 shares of the company’s stock, valued at $98,952.70. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NVR shares. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Bank of America cut 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. BTIG Research initiated coverage on NVR in a research note on Monday. They issued a “buy” rating and a $9,022.00 price objective on the stock. UBS Group increased their target price on shares of NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $8,530.50.

NVR Price Performance

Shares of NYSE NVR opened at $7,527.36 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,256.14. The company has a market capitalization of $21.37 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 9.94 and a beta of 0.93. The business has a 50-day moving average of $7,550.27 and a 200-day moving average of $7,633.63.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, topping the consensus estimate of $107.88 by $4.45. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. NVR had a return on equity of 35.81% and a net margin of 14.00%.NVR’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $130.50 EPS. On average, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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.