Franklin Resources Inc. Grows Stock Position in NVR, Inc. (NYSE:NVR)

Franklin Resources Inc. lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 23.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,432 shares of the construction company’s stock after purchasing an additional 1,780 shares during the quarter. Franklin Resources Inc. owned about 0.31% of NVR worth $91,796,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NVR. Massmutual Trust Co. FSB ADV raised its stake 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 purchasing an additional 2 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of NVR during the third quarter worth approximately $39,000. Rakuten Securities Inc. purchased a new stake in shares of NVR during the third quarter worth approximately $39,000. Redwood Wealth Management Group LLC purchased a new stake in shares of NVR during the second quarter worth approximately $46,000. Finally, Private Trust Co. NA raised its stake in shares of 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 purchasing an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

NVR has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a research note on Friday. Bank of America cut their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. UBS Group increased their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus price target of $9,765.00.

NVR Stock Down 2.4 %

Shares of NYSE:NVR opened at $8,587.63 on Monday. The stock’s 50-day moving average price is $9,250.20 and its two-hundred day moving average price is $8,758.33. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 12-month low of $6,768.02 and a 12-month high of $9,964.77. The firm has a market cap of $26.28 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.90 and a beta of 1.18.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $125.26 earnings per share. On average, research analysts forecast that NVR, Inc. will post 494.48 EPS for the current year.

NVR declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is currently owned by company insiders.

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.