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

Assetmark Inc. reduced its holdings in NVR, Inc. (NYSE:NVR) by 37.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5 shares of the construction company’s stock after selling 3 shares during the quarter. Assetmark Inc.’s holdings in NVR were worth $49,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its holdings in shares of NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new position in NVR during the 3rd quarter worth $39,000. Redwood Wealth Management Group LLC acquired a new position in NVR during the 2nd quarter worth $46,000. Whittier Trust Co. of Nevada Inc. acquired a new position in NVR during the 2nd quarter worth $53,000. Finally, UMB Bank n.a. lifted its holdings in NVR by 57.1% during the 2nd quarter. UMB Bank n.a. now owns 11 shares of the construction company’s stock worth $83,000 after buying an additional 4 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on NVR shares. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. UBS Group upped their price objective 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 downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Bank of America reduced their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $8,783.33.

NVR Stock Performance

Shares of NVR stock opened at $8,860.00 on Tuesday. The firm has a fifty day moving average of $9,438.84 and a two-hundred day moving average of $8,562.80. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 1.94 and a beta of 1.20. NVR, Inc. has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. 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 (NYSE:NVR) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The business had revenue of $2.68 billion for 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 business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $125.26 EPS. As a group, equities research analysts predict that NVR, Inc. will post 494.48 EPS for the current year.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. This represents a 65.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction on 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 approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock worth $7,294,073 in the last quarter. Corporate insiders own 7.00% of the company’s stock.

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.