Nisa Investment Advisors LLC boosted its position in shares of NVR, Inc. (NYSE:NVR) by 77.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 710 shares of the construction company’s stock after buying an additional 310 shares during the period. Nisa Investment Advisors LLC’s holdings in NVR were worth $1,712,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of NVR. Huntington National Bank raised its position in shares of NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock valued at $120,000 after buying an additional 53 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of NVR during the first quarter valued at approximately $124,000. PNC Financial Services Group Inc. increased its stake in shares of NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock valued at $148,000 after buying an additional 9 shares during the period. James Investment Research Inc. purchased a new stake in shares of NVR during the first quarter valued at approximately $158,000. Finally, IMS Capital Management purchased a new stake in shares of NVR during the first quarter valued at approximately $209,000. Institutional investors and hedge funds own 77.85% of the company’s stock.
NVR, Inc. (NYSE NVR) traded up 1.49% during midday trading on Friday, reaching $2705.70. 12,935 shares of the company’s stock were exchanged. NVR, Inc. has a 52 week low of $1,478.04 and a 52 week high of $2,748.57. The firm’s 50 day moving average is $2,561.19 and its 200 day moving average is $2,221.87. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 21.41 and a beta of 0.67.
NVR (NYSE:NVR) last released its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the firm posted $22.01 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate that NVR, Inc. will post $139.24 earnings per share for the current year.
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NVR has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Bank of America Corporation reaffirmed a “buy” rating and set a $2,690.00 price target (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. MKM Partners reaffirmed a “neutral” rating and set a $2,600.00 price target (up previously from $1,900.00) on shares of NVR in a report on Tuesday, July 25th. Finally, Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $2,672.00.
In other NVR news, Director Susan Williamson Ross bought 30 shares of NVR stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average cost of $2,253.43 per share, with a total value of $67,602.90. Following the purchase, the director now directly owns 30 shares in the company, valued at approximately $67,602.90. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Paul C. Saville sold 2,086 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 118,066 shares of the company’s stock, valued at $273,332,235.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,161 shares of company stock worth $17,949,273. Insiders own 11.30% of the company’s stock.
NVR Company Profile
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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