ING Groep NV bought a new position in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 424 shares of the construction company’s stock, valued at approximately $1,022,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of NVR during the first quarter worth approximately $238,000. Thrivent Financial For Lutherans raised its position in shares of NVR by 8.3% in the first quarter. Thrivent Financial For Lutherans now owns 650 shares of the construction company’s stock worth $1,369,000 after buying an additional 50 shares during the last quarter. James Investment Research Inc. purchased a new position in shares of NVR during the first quarter worth approximately $158,000. Bank of Montreal Can raised its position in shares of 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. Finally, 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 worth $120,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 77.29% of the company’s stock.
NVR, Inc. (NYSE NVR) traded down 2.41% on Friday, reaching $2683.55. The company’s stock had a trading volume of 32,574 shares. The company has a market cap of $10.04 billion, a P/E ratio of 21.23 and a beta of 0.67. NVR, Inc. has a 12 month low of $1,478.04 and a 12 month high of $2,775.52. The company has a 50-day moving average price of $2,606.37 and a 200 day moving average price of $2,253.67.
NVR (NYSE:NVR) last posted its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, topping analysts’ consensus estimates of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm earned $22.01 EPS. NVR’s revenue was up 11.3% on a year-over-year basis. On average, equities research 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 recent research reports. Bank of America Corporation restated a “buy” rating and issued 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 NVR from a “hold” rating to a “buy” rating and set a $2,726.00 price objective for the company in a research note on Wednesday, June 28th. Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, MKM Partners reiterated a “neutral” rating and set a $2,600.00 price objective (up from $1,900.00) on shares of NVR in a research note on Tuesday, July 25th. Four equities research 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 news, Director Timothy M. Donahue sold 325 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $2,730.07, for a total transaction of $887,272.75. Following the completion of the transaction, the director now owns 843 shares of the company’s stock, valued at approximately $2,301,449.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the chief financial officer now directly 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. Insiders have sold a total of 7,486 shares of company stock valued at $18,836,546 in the last three months. 11.30% of the stock is owned by 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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