Baird Financial Group Inc. Trims Stake in NVR, Inc. (NYSE:NVR)

Baird Financial Group Inc. reduced its position in shares of NVR, Inc. (NYSE:NVRGet Rating) by 25.0% in the second quarter, Holdings Channel reports. The firm owned 63 shares of the construction company’s stock after selling 21 shares during the period. Baird Financial Group Inc.’s holdings in NVR were worth $252,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its holdings in shares of NVR by 7.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 157 shares of the construction company’s stock worth $629,000 after acquiring an additional 11 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of NVR by 17.0% during the 2nd quarter. Metis Global Partners LLC now owns 62 shares of the construction company’s stock worth $248,000 after acquiring an additional 9 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of NVR by 9.3% during the 2nd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 106 shares of the construction company’s stock worth $424,000 after acquiring an additional 9 shares during the last quarter. Kentucky Retirement Systems lifted its holdings in shares of NVR by 10.0% during the 2nd quarter. Kentucky Retirement Systems now owns 230 shares of the construction company’s stock worth $921,000 after acquiring an additional 21 shares during the last quarter. Finally, ING Groep NV lifted its holdings in shares of NVR by 12.1% during the 2nd quarter. ING Groep NV now owns 582 shares of the construction company’s stock worth $2,330,000 after acquiring an additional 63 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Daniel David Malzahn sold 1,166 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $4,250.10, for a total transaction of $4,955,616.60. Following the completion of the transaction, the chief financial officer now directly owns 6,554 shares of the company’s stock, valued at $27,855,155.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Daniel David Malzahn sold 1,166 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $4,250.10, for a total transaction of $4,955,616.60. Following the transaction, the chief financial officer now owns 6,554 shares in the company, valued at $27,855,155.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Williamson Ross sold 250 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $4,487.78, for a total transaction of $1,121,945.00. Following the transaction, the director now owns 405 shares in the company, valued at approximately $1,817,550.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,067 shares of company stock valued at $13,014,824. Insiders own 10.60% of the company’s stock.

NVR Stock Performance

Shares of NYSE:NVR opened at $4,500.67 on Thursday. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 7.26 and a beta of 0.94. The company has a 50-day moving average price of $4,175.09 and a 200-day moving average price of $4,219.50. The company has a current ratio of 4.70, a quick ratio of 2.35 and a debt-to-equity ratio of 0.30. NVR, Inc. has a 12 month low of $3,576.01 and a 12 month high of $5,982.44.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NVR shares. UBS Group lifted their price objective on shares of NVR from $4,100.00 to $4,300.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, October 20th. Bank of America reissued a “buy” rating and issued a $4,900.00 price target on shares of NVR in a research note on Tuesday, October 18th. Wells Fargo & Company boosted their price target on shares of NVR to $4,580.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NVR from $4,310.00 to $5,000.00 in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, NVR currently has an average rating of “Moderate Buy” and a consensus price target of $4,780.00.

About NVR

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NVR, Inc operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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