Victory Capital Management Inc. Sells 923 Shares of NVR, Inc. (NYSE:NVR)

Victory Capital Management Inc. trimmed its stake in shares of NVR, Inc. (NYSE:NVR) by 17.6% in the third quarter, Holdings Channel.com reports. The fund owned 4,332 shares of the construction company’s stock after selling 923 shares during the quarter. Victory Capital Management Inc.’s holdings in NVR were worth $42,505,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its position in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new stake in NVR in the third quarter valued at approximately $39,000. Rakuten Securities Inc. acquired a new stake in NVR in the third quarter valued at approximately $39,000. Redwood Wealth Management Group LLC acquired a new stake in NVR in the second quarter valued at approximately $46,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in NVR in the second quarter valued at approximately $53,000. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVR news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 775 shares of company stock valued at $7,294,073. Insiders own 7.00% of the company’s stock.

NVR Stock Down 1.6 %

Shares of NYSE:NVR opened at $9,033.21 on Friday. The stock has a market cap of $27.64 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.95 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 12-month low of $6,052.58 and a 12-month high of $9,964.77. The business’s 50 day moving average is $9,444.50 and its 200 day moving average is $8,537.55.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the business posted $125.26 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts forecast that NVR, Inc. will post 494.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

NVR has been the subject of a number of research reports. Bank of America reduced their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, UBS Group lifted their target price on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8,783.33.

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.