Sumitomo Mitsui Asset Management Company LTD bought a new position in NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 244 shares of the construction company’s stock, valued at approximately $588,000.
Several other large investors have also added to or reduced their stakes in NVR. BlackRock Inc. raised its stake in NVR by 15,836.0% in the first quarter. BlackRock Inc. now owns 349,318 shares of the construction company’s stock worth $735,970,000 after buying an additional 347,126 shares during the last quarter. Renaissance Technologies LLC raised its stake in NVR by 281.3% in the first quarter. Renaissance Technologies LLC now owns 29,930 shares of the construction company’s stock worth $63,059,000 after buying an additional 22,080 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in NVR by 80.7% in the first quarter. Epoch Investment Partners Inc. now owns 39,387 shares of the construction company’s stock worth $82,984,000 after buying an additional 17,585 shares during the last quarter. Morgan Stanley raised its stake in NVR by 144.8% in the first quarter. Morgan Stanley now owns 29,149 shares of the construction company’s stock worth $61,414,000 after buying an additional 17,243 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in NVR by 63,645.8% in the first quarter. Acadian Asset Management LLC now owns 15,299 shares of the construction company’s stock worth $32,235,000 after buying an additional 15,275 shares during the last quarter. 77.85% of the stock is owned by institutional investors and hedge funds.
Shares of NVR, Inc. (NYSE:NVR) opened at 2741.03 on Thursday. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 21.68 and a beta of 0.67. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $2,748.57. The stock’s 50 day moving average is $2,548.88 and its 200-day moving average is $2,211.24.
NVR (NYSE:NVR) last posted its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, topping analysts’ consensus estimates of $28.63 by $6.56. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. NVR had a return on equity of 37.43% and a net margin of 8.67%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $22.01 EPS. Equities analysts anticipate that NVR, Inc. will post $139.24 EPS for the current fiscal year.
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NVR has been the subject of a number of research reports. Zacks Investment Research lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Bank of America Corporation reaffirmed a “buy” rating and set a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Zelman & Associates lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Finally, MKM Partners reaffirmed a “neutral” rating and set a $2,600.00 target price (up previously from $1,900.00) on shares of NVR in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. NVR has a consensus rating of “Hold” and a consensus target price of $2,672.00.
In other NVR news, CEO Paul C. Saville sold 2,086 shares of NVR stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $2,315.08, for a total value of $4,829,256.88. Following the completion of the sale, the chief executive officer now owns 118,066 shares in the company, valued at approximately $273,332,235.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel David Malzahn sold 1,500 shares of NVR stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total value of $4,017,525.00. Following the completion of the sale, the chief financial officer now owns 4,225 shares of the company’s stock, valued at approximately $11,316,028.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,161 shares of company stock valued at $17,949,273. 11.30% of the stock is currently owned by company insiders.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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