BNP Paribas Financial Markets Decreases Stake in NVR, Inc. (NYSE:NVR)

BNP Paribas Financial Markets decreased its stake in shares of NVR, Inc. (NYSE:NVR) by 1.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,559 shares of the construction company’s stock after selling 78 shares during the quarter. BNP Paribas Financial Markets’ holdings in NVR were worth $54,544,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVR. Massmutual Trust Co. FSB ADV increased its stake in shares of NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares during the period. Blue Trust Inc. bought a new position in shares of NVR in the third quarter valued at approximately $39,000. Rakuten Securities Inc. bought a new stake in NVR during the third quarter worth approximately $39,000. Redwood Wealth Management Group LLC bought a new stake in NVR during the second quarter worth approximately $46,000. Finally, Private Trust Co. NA boosted its holdings in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

NYSE NVR opened at $9,193.62 on Friday. The stock has a market cap of $28.13 billion, a P/E ratio of 18.79, a PEG ratio of 1.99 and a beta of 1.20. The company’s 50-day simple moving average is $9,409.77 and its 200 day simple moving average is $8,627.41. NVR, Inc. has a twelve month low of $6,052.58 and a twelve month high of $9,964.77. 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 (NYSE:NVR) last announced its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (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 company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the company posted $125.26 earnings per share. NVR’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts forecast that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at $2,186,679. This trade represents a 35.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 775 shares of company stock valued at $7,294,073. Corporate insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group raised their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America decreased their price objective on shares of 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.