ING Groep NV Invests $1.02 Million in NVR, Inc. (NVR)

ING Groep NV acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 424 shares of the construction company’s stock, valued at approximately $1,022,000.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in NVR during the fourth quarter worth approximately $1,363,000. Teachers Advisors LLC increased its stake in NVR by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 14,736 shares of the construction company’s stock worth $24,594,000 after buying an additional 621 shares during the last quarter. Bank of Montreal Can increased its stake in NVR by 11.3% in the first quarter. Bank of Montreal Can now owns 217 shares of the construction company’s stock worth $457,000 after buying an additional 22 shares during the last quarter. Alpha Windward LLC acquired a new stake in NVR during the first quarter worth approximately $506,000. Finally, Cim LLC increased its stake in NVR by 6.1% in the first quarter. Cim LLC now owns 278 shares of the construction company’s stock worth $586,000 after buying an additional 16 shares during the last quarter. Institutional investors own 77.85% of the company’s stock.

NVR, Inc. (NYSE:NVR) traded up 1.49% during midday trading on Friday, hitting $2705.70. 12,935 shares of the stock traded hands. The stock has a market capitalization of $10.13 billion, a PE ratio of 21.41 and a beta of 0.67. The firm’s 50 day moving average is $2,553.95 and its 200-day moving average is $2,214.49. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $2,748.57.

NVR (NYSE:NVR) last released its earnings results on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, beating the Zacks’ consensus estimate of $28.63 by $6.56. The company 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 revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $22.01 EPS. On average, analysts anticipate that NVR, Inc. will post $139.24 EPS for the current fiscal year.

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A number of research analysts recently commented on the stock. Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. MKM Partners restated a “neutral” rating and issued a $2,600.00 price objective (up from $1,900.00) on shares of NVR in a research note on Tuesday, July 25th. Bank of America Corporation reiterated a “buy” rating and set a $2,690.00 target price (up from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price for the company in a research note on Wednesday, June 28th. Finally, ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $2,672.00.

In other news, CFO Daniel David Malzahn sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,678.35, for a total value of $4,017,525.00. Following the completion of the transaction, the chief financial officer now owns 4,225 shares in the company, valued at $11,316,028.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,669.90, for a total value of $2,669,900.00. Following the completion of the transaction, the insider now owns 5,323 shares of the company’s stock, valued at approximately $14,211,877.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,161 shares of company stock valued at $17,949,273. 11.30% of the stock is currently owned by company insiders.

About NVR

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).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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