NVR, Inc. (NYSE:NVR) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its stake in NVR, Inc. (NYSE:NVR) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,291 shares of the construction company’s stock after buying an additional 33 shares during the period. Oregon Public Employees Retirement Fund’s holdings in NVR were worth $3,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Argent Capital Management LLC increased its stake in NVR by 2.3% in the first quarter. Argent Capital Management LLC now owns 268 shares of the construction company’s stock valued at $565,000 after buying an additional 6 shares during the period. Tdam USA Inc. increased its stake in NVR by 0.5% in the first quarter. Tdam USA Inc. now owns 1,321 shares of the construction company’s stock valued at $2,783,000 after buying an additional 7 shares during the period. Keybank National Association OH increased its stake in NVR by 4.1% in the first quarter. Keybank National Association OH now owns 179 shares of the construction company’s stock valued at $377,000 after buying an additional 7 shares during the period. PNC Financial Services Group Inc. increased its stake in 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. Finally, Raymond James Financial Services Advisors Inc. increased its stake in NVR by 1.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,021 shares of the construction company’s stock valued at $2,151,000 after buying an additional 15 shares during the period. 77.29% of the stock is owned by institutional investors.

Shares of NVR, Inc. (NYSE:NVR) traded down 2.41% during midday trading on Friday, hitting $2683.55. The stock had a trading volume of 32,574 shares. The firm has a 50 day moving average price of $2,606.37 and a 200 day moving average price of $2,253.67. The stock has a market cap of $10.04 billion, a PE ratio of 21.23 and a beta of 0.67. NVR, Inc. has a one year low of $1,478.04 and a one year high of $2,775.52.

NVR (NYSE:NVR) last issued its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $28.63 by $6.56. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.57 billion. NVR had a return on equity of 37.43% and a net margin of 8.67%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $22.01 EPS. On average, equities analysts forecast that NVR, Inc. will post $139.24 earnings per share for the current fiscal year.

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Several research firms recently weighed in on NVR. 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 report on Tuesday, July 25th. 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 report on Wednesday, June 28th. Bank of America Corporation restated a “buy” rating and issued a $2,690.00 price objective (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Finally, Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. NVR has an average rating of “Hold” and an average target price of $2,672.00.

In other news, CEO Paul C. Saville sold 2,086 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $2,315.08, for a total transaction of $4,829,256.88. Following the completion of the sale, the chief executive officer now directly owns 118,066 shares of the company’s stock, valued at approximately $273,332,235.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eddie Arthur Grier sold 325 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $2,283.55, for a total value of $742,153.75. Following the sale, the director now directly owns 500 shares of the company’s stock, valued at $1,141,775. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,486 shares of company stock valued at $18,836,546. Corporate insiders own 11.30% of the company’s stock.

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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