Beacon Investment Advisory Services Inc. Has $22.79 Million Position in NVR, Inc. (NYSE:NVR)

Beacon Investment Advisory Services Inc. lifted its holdings in NVR, Inc. (NYSE:NVR) by 0.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,323 shares of the construction company’s stock after buying an additional 4 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in NVR were worth $22,793,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its stake in 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 buying an additional 2 shares in the last quarter. Blue Trust Inc. bought a new stake in NVR in the 3rd quarter valued at $39,000. Rakuten Securities Inc. acquired a new position in NVR in the 3rd quarter worth $39,000. Redwood Wealth Management Group LLC bought a new position in NVR during the 2nd quarter worth about $46,000. Finally, Private Trust Co. NA raised its stake in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors.

Insider Transactions at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the business’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 transaction, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now owns 230 shares in the company, 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. Insiders have sold 775 shares of company stock worth $7,294,073 in the last ninety days. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NVR. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America decreased their price target 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. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research report 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 company a “neutral” rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8,783.33.

NVR Stock Up 0.5 %

NVR stock opened at $9,235.58 on Monday. The company has a market cap of $28.26 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 1.98 and a beta of 1.20. NVR, Inc. has a twelve month low of $6,052.58 and a twelve month high of $9,964.77. The business has a 50 day moving average price of $9,395.27 and a two-hundred day moving average price of $8,650.63. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

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 quarter in the previous year, the firm posted $125.26 earnings per share. NVR’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts anticipate that NVR, Inc. will post 494.48 EPS for the current fiscal year.

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.