Brown Brothers Harriman & Co. Has $24.67 Million Holdings in NVR, Inc. (NYSE:NVR)

Brown Brothers Harriman & Co. raised its stake in shares of NVR, Inc. (NYSE:NVR) by 11.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,514 shares of the construction company’s stock after purchasing an additional 250 shares during the period. Brown Brothers Harriman & Co. owned approximately 0.08% of NVR worth $24,667,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVR. International Assets Investment Management LLC lifted its holdings in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after purchasing an additional 363,004 shares in the last quarter. Smead Capital Management Inc. raised its position in NVR by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock valued at $355,365,000 after buying an additional 1,223 shares during the last quarter. Jennison Associates LLC bought a new position in NVR during the 3rd quarter valued at $348,545,000. Marshfield Associates boosted its holdings in NVR by 0.3% during the 2nd quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock worth $248,290,000 after acquiring an additional 96 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of NVR by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock worth $221,595,000 after acquiring an additional 906 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

NVR has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, UBS Group increased their price target 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8,783.33.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775 shares of company stock valued at $7,294,073. Company insiders own 7.00% of the company’s stock.

NVR Price Performance

NVR opened at $9,007.24 on Monday. NVR, Inc. has a fifty-two week low of $6,052.58 and a fifty-two week high of $9,964.77. The firm has a 50-day moving average of $9,422.94 and a 200 day moving average of $8,600.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The firm has a market cap of $27.56 billion, a P/E ratio of 18.41, a PEG ratio of 1.93 and a beta of 1.20.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion for 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 company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $125.26 EPS. On average, research analysts expect that NVR, Inc. will post 494.48 EPS for the current year.

NVR Company 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.