Raymond James Trust N.A. Has $618,000 Stock Holdings in NVR, Inc. (NYSE:NVR)

Raymond James Trust N.A. decreased its stake in shares of NVR, Inc. (NYSE:NVR) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63 shares of the construction company’s stock after selling 9 shares during the quarter. Raymond James Trust N.A.’s holdings in NVR were worth $618,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Janus Henderson Group PLC increased its holdings 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. Jane Street Group LLC raised its holdings in shares of NVR by 1,285.4% in the 1st quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock valued at $4,601,000 after purchasing an additional 527 shares during the period. Tidal Investments LLC lifted its stake in NVR by 26.9% in the 1st quarter. Tidal Investments LLC now owns 85 shares of the construction company’s stock valued at $686,000 after purchasing an additional 18 shares during the last quarter. Comerica Bank grew its holdings in NVR by 22.2% during the first quarter. Comerica Bank now owns 656 shares of the construction company’s stock worth $5,314,000 after purchasing an additional 119 shares during the period. Finally, Plato Investment Management Ltd acquired a new position in NVR during the first quarter worth approximately $1,782,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Up 3.2 %

NVR stock opened at $9,295.91 on Tuesday. NVR, Inc. has a fifty-two week low of $6,052.58 and a fifty-two week high of $9,964.77. 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 stock has a market capitalization of $28.45 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 1.93 and a beta of 1.20. The business’s fifty day moving average price is $9,420.06 and its two-hundred day moving average price is $8,612.27.

NVR (NYSE:NVR) last released its quarterly 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 business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the business posted $125.26 earnings per share. NVR’s revenue was up 6.6% compared to the same quarter last year. On average, equities analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current year.

Insider Activity

In related news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the 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 sale, the chief accounting officer now owns 208 shares in the company, valued at $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. In the last three months, insiders sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NVR shares. Bank of America reduced their target price on 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. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, 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 research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, NVR has a consensus rating of “Hold” and a consensus price target of $8,783.33.

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.