Montgomery Investment Management Inc. maintained its stake in NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,850 shares of the construction company’s stock at the end of the second quarter. NVR makes up about 4.2% of Montgomery Investment Management Inc.’s investment portfolio, making the stock its 5th largest position. Montgomery Investment Management Inc. owned 0.10% of NVR worth $9,281,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in NVR. Meeder Asset Management Inc. acquired a new stake in shares of NVR during the first quarter valued at approximately $238,000. Thrivent Financial For Lutherans increased its position in 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 period. James Investment Research Inc. purchased a new position in NVR during the first quarter worth $158,000. Bank of Montreal Can increased its position 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 period. Finally, Huntington National Bank increased its position in 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 period. Hedge funds and other institutional investors own 77.29% of the company’s stock.
Shares of NVR, Inc. (NVR) traded down 2.41% during trading on Friday, reaching $2683.55. The company’s stock had a trading volume of 32,574 shares. NVR, Inc. has a one year low of $1,478.04 and a one year high of $2,775.52. The firm’s 50-day moving average price is $2,606.37 and its 200-day moving average price is $2,253.67. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 21.23 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 earnings per share for the quarter, beating analysts’ consensus estimates of $28.63 by $6.56. NVR had a net margin of 8.67% and a return on equity of 37.43%. 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 company earned $22.01 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts anticipate that NVR, Inc. will post $139.24 earnings per share for the current year.
A number of research firms recently weighed in on NVR. MKM Partners reaffirmed a “neutral” rating and set a $2,600.00 price target (up from $1,900.00) on shares of NVR in a research note on Tuesday, July 25th. Zacks Investment Research raised 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. Bank of America Corporation reissued a “buy” rating and issued a $2,690.00 price objective (up from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $2,672.00.
In related news, CFO Daniel David Malzahn sold 1,500 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total transaction of $4,017,525.00. Following the transaction, the chief financial officer now directly 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 is accessible through this hyperlink. Also, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $2,352.35, for a total transaction of $2,352,350.00. Following the transaction, the insider now owns 5,323 shares in the company, valued at $12,521,559.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,486 shares of company stock worth $18,836,546. Company 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).
What are top analysts saying about NVR Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NVR Inc. and related companies.