Unigestion Holding SA raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 28.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,641 shares of the construction company’s stock after acquiring an additional 588 shares during the period. Unigestion Holding SA owned approximately 0.07% of NVR worth $6,525,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in NVR during the 2nd quarter valued at $109,000. Cerebellum GP LLC raised its stake in NVR by 57.8% during the 3rd quarter. Cerebellum GP LLC now owns 71 shares of the construction company’s stock valued at $175,000 after acquiring an additional 26 shares in the last quarter. WealthPLAN Partners LLC bought a new stake in NVR during the 2nd quarter valued at $220,000. Moneta Group Investment Advisors LLC raised its stake in NVR by 102.6% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 79 shares of the construction company’s stock valued at $235,000 after acquiring an additional 40 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. bought a new stake in NVR during the 3rd quarter valued at $284,000. 77.52% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have weighed in on NVR shares. Wells Fargo & Co reaffirmed a “market perform” rating and set a $2,410.00 target price (down previously from $3,780.00) on shares of NVR in a research note on Friday, October 19th. ValuEngine downgraded NVR from a “sell” rating to a “strong sell” rating in a research note on Friday, September 28th. Zacks Investment Research raised NVR from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. JPMorgan Chase & Co. reissued a “$2,892.50” rating and issued a $3,100.00 price objective (down previously from $3,450.00) on shares of NVR in a research note on Monday, July 23rd. Finally, Bank of America downgraded NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 price objective on the stock. in a research note on Thursday, October 18th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3,104.33.
NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, October 18th. The construction company reported $48.28 EPS for the quarter, missing the Zacks’ consensus estimate of $50.94 by ($2.66). NVR had a return on equity of 47.30% and a net margin of 10.10%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm posted $38.02 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. On average, research analysts forecast that NVR, Inc. will post 185.25 EPS for the current year.
NVR announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 1st that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
In other news, insider Robert W. Henley sold 14,850 shares of the business’s stock in a transaction on Tuesday, October 23rd. The stock was sold at an average price of $2,145.61, for a total transaction of $31,862,308.50. Following the sale, the insider now directly owns 4,500 shares of the company’s stock, valued at $9,655,245. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Melquiades R. Martinez bought 60 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were bought at an average cost of $2,359.50 per share, for a total transaction of $141,570.00. Following the completion of the transaction, the director now directly owns 191 shares of the company’s stock, valued at $450,664.50. The disclosure for this purchase can be found here. Insiders sold a total of 22,053 shares of company stock worth $48,606,919 in the last three months. Company insiders own 11.30% of the company’s stock.
NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.
Further Reading: Asset Allocation, Balancing Your Investments
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