SeaBridge Investment Advisors LLC Acquires 138 Shares of NVR, Inc. $NVR

SeaBridge Investment Advisors LLC raised its stake in NVR, Inc. (NYSE:NVR) by 49.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 418 shares of the construction company’s stock after buying an additional 138 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in NVR were worth $3,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NVR. CoreCap Advisors LLC raised its holdings in shares of NVR by 18.2% during the third quarter. CoreCap Advisors LLC now owns 13 shares of the construction company’s stock worth $104,000 after acquiring an additional 2 shares during the period. Greenleaf Trust boosted its stake in NVR by 15.8% in the 3rd quarter. Greenleaf Trust now owns 66 shares of the construction company’s stock worth $530,000 after purchasing an additional 9 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in NVR by 844.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,321 shares of the construction company’s stock worth $66,856,000 after purchasing an additional 7,440 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of NVR by 6.5% in the 3rd quarter. D.A. Davidson & CO. now owns 180 shares of the construction company’s stock valued at $1,446,000 after purchasing an additional 11 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of NVR by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,859 shares of the construction company’s stock valued at $14,936,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Bank of America reduced their price objective on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. BTIG Research began coverage on NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Finally, UBS Group cut their price objective on shares of NVR from $8,500.00 to $8,150.00 and set a “neutral” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8,443.00.

Insiders Place Their Bets

In other news, Director Michael J. Devito purchased 14 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the transaction, the director owned 14 shares of the company’s stock, valued at $98,952.70. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

NVR Stock Performance

Shares of NYSE NVR opened at $7,224.75 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.16 and a current ratio of 5.96. The stock has a 50 day moving average price of $7,361.54 and a 200 day moving average price of $7,684.88. The stock has a market capitalization of $20.52 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 9.93 and a beta of 1.01. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $8,618.28.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a return on equity of 35.89% and a net margin of 14.00%.The business’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $130.50 EPS. Analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.