Wafra Investment Advisory Group Inc. NY held its position in NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 840 shares of the construction company’s stock at the end of the 2nd quarter. Wafra Investment Advisory Group Inc. NY’s holdings in NVR were worth $2,025,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its stake in NVR by 88.0% during the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock valued at $113,000 after purchasing an additional 22 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in NVR by 14.8% during the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock valued at $148,000 after purchasing an additional 9 shares in the last quarter. Advisor Group Inc. raised its stake in NVR by 13.9% during the second quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock valued at $197,000 after purchasing an additional 10 shares in the last quarter. Everett Harris & Co. CA purchased a new stake in NVR during the second quarter valued at $200,000. Finally, Hikari Power Ltd purchased a new stake in NVR during the second quarter valued at $217,000. 79.72% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on NVR shares. Zacks Investment Research downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Bank of America Corporation reaffirmed a “buy” rating and set a $2,690.00 price target (up previously from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. Finally, MKM Partners reaffirmed a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $2,645.00.
NVR, Inc. (NVR) traded down 0.57% during midday trading on Tuesday, reaching $2873.00. 4,698 shares of the company were exchanged. NVR, Inc. has a 52 week low of $1,478.04 and a 52 week high of $2,949.50. The firm’s 50 day moving average price is $2,780.86 and its 200-day moving average price is $2,468.29. The stock has a market capitalization of $10.75 billion, a P/E ratio of 22.73 and a beta of 0.66.
NVR (NYSE:NVR) last announced its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share (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 company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the company posted $22.01 EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. Equities analysts forecast that NVR, Inc. will post $139.24 EPS for the current fiscal year.
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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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