Nisa Investment Advisors LLC Raises Stake in NVR, Inc. (NVR)

Nisa Investment Advisors LLC increased its position in NVR, Inc. (NYSE:NVR) by 77.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NVR. BlackRock Inc. increased its position 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 increased its position in shares of 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 in the last quarter. Epoch Investment Partners Inc. increased its position in shares of 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 in the last quarter. Morgan Stanley increased its position in shares of 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 in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of 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 in the last quarter. 77.29% of the stock is owned by institutional investors.

Shares of NVR, Inc. (NYSE NVR) opened at 2683.55 on Friday. NVR, Inc. has a 12 month low of $1,478.04 and a 12 month high of $2,775.52. The company has a market capitalization of $10.04 billion, a P/E ratio of 21.23 and a beta of 0.67. The stock’s 50 day moving average is $2,606.37 and its 200 day moving average is $2,253.67.

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 consensus estimate of $28.63 by $6.56. NVR had a net margin of 8.67% and a return on equity of 37.43%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the firm earned $22.01 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities analysts predict that NVR, Inc. will post $139.24 EPS for the current fiscal year.

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A number of equities analysts have weighed in on NVR shares. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Bank of America Corporation reiterated 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 restated a “neutral” rating and issued a $2,600.00 target price (up previously from $1,900.00) on shares of NVR in a report on Tuesday, July 25th. Finally, Zelman & Associates cut shares of NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2,672.00.

In related news, Director Eddie Arthur Grier sold 325 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $2,283.55, for a total value of $742,153.75. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $1,141,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Paul C. Saville sold 2,086 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $2,315.08, for a total transaction of $4,829,256.88. Following the completion of the transaction, the chief executive officer now directly owns 118,066 shares of the company’s stock, valued at approximately $273,332,235.28. The disclosure for this sale can be found here. Insiders 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 currently owned by corporate 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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