Assetmark Inc. Has $49,000 Holdings in NVR, Inc. (NYSE:NVR)

Assetmark Inc. cut its stake in NVR, Inc. (NYSE:NVR) by 37.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5 shares of the construction company’s stock after selling 3 shares during the period. Assetmark Inc.’s holdings in NVR were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVR. Intech Investment Management LLC boosted its stake in shares of NVR by 84.8% during the 1st quarter. Intech Investment Management LLC now owns 85 shares of the construction company’s stock worth $688,000 after buying an additional 39 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in shares of NVR by 312.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 165 shares of the construction company’s stock worth $1,336,000 after buying an additional 125 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of NVR by 356.5% during the 1st quarter. Bessemer Group Inc. now owns 388 shares of the construction company’s stock worth $3,143,000 after buying an additional 303 shares during the last quarter. Natixis acquired a new position in shares of NVR during the 1st quarter worth about $7,914,000. Finally, Shell Asset Management Co. boosted its stake in shares of NVR by 6.5% during the 1st quarter. Shell Asset Management Co. now owns 462 shares of the construction company’s stock worth $3,742,000 after buying an additional 28 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of the firm’s 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 transaction 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. This trade represents a 65.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Preiser sold 250 shares of the firm’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 directly owns 239 shares in the company, valued at $2,223,330.96. This represents a 51.12 % 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 valued at $7,294,073 in the last three months. 7.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

NVR Stock Down 1.8 %

NVR stock opened at $8,860.00 on Tuesday. The stock has a market cap of $27.15 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.94 and a beta of 1.20. 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, Inc. has a twelve month low of $6,052.58 and a twelve month high of $9,964.77. The company’s 50-day moving average price is $9,438.84 and its two-hundred day moving average price is $8,562.80.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $125.26 earnings per share. As a group, analysts expect that NVR, Inc. will post 494.48 EPS for the current 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.