Moors & Cabot Inc. Sells 19 Shares of NVR, Inc. (NYSE:NVR)

Moors & Cabot Inc. decreased its holdings in NVR, Inc. (NYSE:NVR) by 18.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84 shares of the construction company’s stock after selling 19 shares during the quarter. Moors & Cabot Inc.’s holdings in NVR were worth $824,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Canada Pension Plan Investment Board increased its position in NVR by 125.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,024 shares of the construction company’s stock valued at $24,494,000 after purchasing an additional 1,684 shares during the period. 1832 Asset Management L.P. raised its stake in NVR by 1.0% during the first quarter. 1832 Asset Management L.P. now owns 2,405 shares of the construction company’s stock worth $19,480,000 after buying an additional 23 shares during the last quarter. Janus Henderson Group PLC raised its stake in NVR by 7.7% during the first quarter. Janus Henderson Group PLC now owns 406 shares of the construction company’s stock worth $3,283,000 after buying an additional 29 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in NVR by 98.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock valued at $141,498,000 after buying an additional 8,684 shares during the period. Finally, Jane Street Group LLC boosted its position in NVR by 1,285.4% during the first quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock valued at $4,601,000 after acquiring an additional 527 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction dated 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. The trade was a 65.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Preiser sold 250 shares of the 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 value of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $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 have sold 775 shares of company stock worth $7,294,073. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NVR shares. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group lifted their target price on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Bank of America lowered 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 given a buy rating to the stock. According to data from MarketBeat.com, NVR presently has an average rating of “Hold” and a consensus target price of $8,783.33.

NVR Stock Up 0.7 %

NVR stock opened at $9,007.24 on Friday. The stock’s 50 day simple moving average is $9,422.94 and its 200 day simple moving average is $8,587.74. The company has a market cap of $27.60 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.92 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR, Inc. has a fifty-two week low of $6,052.58 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share 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 in the previous year, the company earned $125.26 earnings per share. NVR’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts expect that NVR, Inc. will post 494.48 earnings per share for the current fiscal 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.