Cumberland Partners Ltd Sells 15 Shares of NVR, Inc. (NYSE:NVR)

Cumberland Partners Ltd lowered its holdings in shares of NVR, Inc. (NYSE:NVR) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225 shares of the construction company’s stock after selling 15 shares during the quarter. Cumberland Partners Ltd’s holdings in NVR were worth $2,208,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its holdings 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 in the last quarter. Blue Trust Inc. bought a new stake in shares of NVR in the 3rd quarter worth about $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR in the 3rd quarter worth about $39,000. Redwood Wealth Management Group LLC purchased a new stake in shares of NVR during the 2nd quarter valued at about $46,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in NVR in the second quarter worth about $53,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Transactions at NVR

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director David A. Preiser sold 250 shares of NVR stock in a transaction that occurred 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 in the company, valued at approximately $2,223,330.96. This trade represents a 0.00 % decrease in their position. 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 125 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock valued at $7,294,073 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

NVR Stock Down 1.6 %

NYSE NVR traded down $148.38 during trading on Tuesday, hitting $9,100.88. The company’s stock had a trading volume of 1,562 shares, compared to its average volume of 19,049. The company has a market cap of $27.85 billion, a PE ratio of 18.91, a P/E/G ratio of 1.99 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The business’s 50 day simple moving average is $9,442.19 and its 200-day simple moving average is $8,508.18. NVR, Inc. has a fifty-two week low of $5,950.21 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last released its 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 firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the firm earned $125.26 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts anticipate that NVR, Inc. will post 496.62 EPS for the current fiscal year.

Analysts Set New Price Targets

NVR has been the topic of several analyst reports. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday. UBS Group upped their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8,783.33.

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.