Psagot Investment House Ltd. trimmed its position in NVR, Inc. (NYSE:NVR) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,258 shares of the construction company’s stock after selling 50 shares during the quarter. Psagot Investment House Ltd.’s holdings in NVR were worth $3,033,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. 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 worth $113,000 after acquiring 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 worth $148,000 after acquiring 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 worth $197,000 after acquiring an additional 10 shares in the last quarter. Everett Harris & Co. CA acquired a new position in NVR during the second quarter worth $200,000. Finally, Virginia Retirement Systems ET AL acquired a new position in NVR during the first quarter worth $211,000. Institutional investors and hedge funds own 79.72% of the company’s stock.
NVR (NYSE:NVR) last released its earnings results 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. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.57 billion. NVR had a return on equity of 37.43% and a net margin of 8.67%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $22.01 EPS.
In other news, Director Eddie Arthur Grier sold 165 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the completion of the sale, the director now directly owns 340 shares in the company, valued at approximately $911,968.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel David Malzahn sold 1,500 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total value of $4,017,525.00. Following the sale, the chief financial officer now owns 4,225 shares of the company’s stock, valued at $11,316,028.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,240 shares of company stock valued at $11,355,358. Corporate insiders own 11.30% of the company’s stock.
Several research analysts have issued reports on the company. Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. MKM Partners reiterated a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $2,690.00 price objective (up from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2,645.00.
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.