Allspring Global Investments Holdings LLC Sells 3 Shares of NVR, Inc. (NYSE:NVR)

Allspring Global Investments Holdings LLC reduced its position in shares of NVR, Inc. (NYSE:NVR) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142 shares of the construction company’s stock after selling 3 shares during the period. Allspring Global Investments Holdings LLC’s holdings in NVR were worth $1,393,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NVR. Blue Trust Inc. bought a new position in NVR during the third quarter worth about $39,000. Bleakley Financial Group LLC acquired a new stake in NVR in the third quarter worth about $255,000. Fulton Breakefield Broenniman LLC acquired a new position in NVR in the third quarter valued at approximately $245,000. Hutchens & Kramer Investment Management Group LLC bought a new position in shares of NVR in the 3rd quarter worth $218,000. Finally, Occidental Asset Management LLC bought a new stake in shares of NVR in the 3rd quarter valued at about $245,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $2,186,679. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,955,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America dropped their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. UBS Group boosted their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd.

NVR Trading Down 0.7 %

Shares of NVR stock opened at $9,074.06 on Thursday. NVR, Inc. has a 1-year low of $5,410.74 and a 1-year high of $9,964.77. The stock has a 50-day moving average of $9,420.19 and a 200-day moving average of $8,418.15. The stock has a market cap of $27.95 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.99 and a beta of 1.19. The company has a current ratio of 6.21, a quick ratio of 3.54 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 (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. NVR’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $125.26 earnings per share. On average, equities research analysts forecast that NVR, Inc. will post 496.62 earnings per share for the current year.

NVR 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.