World Asset Management Inc Sells 1 Shares of NVR, Inc. (NYSE:NVR)

World Asset Management Inc cut its stake in shares of NVR, Inc. (NYSE:NVR) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 265 shares of the construction company’s stock after selling 1 shares during the period. World Asset Management Inc’s holdings in NVR were worth $639,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NVR. Russell Investments Group Ltd. increased its position in NVR by 75.8% in the first quarter. Russell Investments Group Ltd. now owns 27,244 shares of the construction company’s stock valued at $57,393,000 after buying an additional 11,750 shares during the last quarter. Shell Asset Management Co. purchased a new position in NVR during the first quarter valued at $588,000. First Quadrant L P CA purchased a new position in NVR during the first quarter valued at $8,295,000. Acadian Asset Management LLC increased its position in NVR by 63,645.8% in the first quarter. Acadian Asset Management LLC now owns 15,299 shares of the construction company’s stock valued at $32,235,000 after buying an additional 15,275 shares during the last quarter. Finally, Profund Advisors LLC increased its position in NVR by 3.7% in the first quarter. Profund Advisors LLC now owns 841 shares of the construction company’s stock valued at $1,772,000 after buying an additional 30 shares during the last quarter. 77.29% of the stock is owned by hedge funds and other institutional investors.

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. NVR, Inc. has a one year low of $1,478.04 and a one year high of $2,775.52. 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 (NYSE:NVR) last issued its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $28.63 by $6.56. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. NVR had a net margin of 8.67% and a return on equity of 37.43%. NVR’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $22.01 earnings per share. Equities analysts expect that NVR, Inc. will post $139.24 EPS for the current year.

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NVR has been the subject of several recent research reports. Zacks Investment Research downgraded NVR from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Bank of America Corporation reissued a “buy” rating and set a $2,690.00 price target (up previously from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Finally, MKM Partners reissued a “neutral” rating and set a $2,600.00 price target (up previously from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. NVR has an average rating of “Hold” and a consensus target price of $2,672.00.

In other NVR news, Director Eddie Arthur Grier sold 325 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $2,283.55, for a total transaction of $742,153.75. Following the completion of the sale, the director now directly owns 500 shares in the company, valued at $1,141,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Grady Rosier sold 1,250 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the sale, the director now owns 1,212 shares of the company’s stock, valued at $3,236,609.64. The disclosure for this sale can be found here. Insiders sold 7,486 shares of company stock valued at $18,836,546 over the last quarter. 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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