Dai ichi Life Insurance Company Ltd Reduces Stock Position in NVR, Inc. (NYSE:NVR)

Dai ichi Life Insurance Company Ltd trimmed its stake in shares of NVR, Inc. (NYSE:NVR) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 119 shares of the construction company’s stock after selling 2 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in NVR were worth $1,168,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

NVR has been the subject of a number of recent research reports. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America reduced their price target 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. 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 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 research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8,783.33.

NVR Stock Performance

NYSE:NVR opened at $9,193.62 on Thursday. The stock has a 50-day moving average price of $9,415.14 and a 200 day moving average price of $8,623.43. 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 $6,052.58 and a 12-month high of $9,964.77. The stock has a market capitalization of $28.13 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.99 and a beta of 1.20.

NVR (NYSE:NVR) last released its quarterly earnings data 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). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the business earned $125.26 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts forecast that NVR, Inc. will post 494.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated 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 sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock worth $7,294,073 in the last 90 days. 7.00% of the stock is currently owned by corporate insiders.

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.