HL Financial Services LLC Increases Position in NVR Inc. (NVR)
HL Financial Services LLC boosted its stake in NVR Inc. (NYSE:NVR) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,730 shares of the company’s stock after buying an additional 8 shares during the period. HL Financial Services LLC’s holdings in NVR were worth $3,080,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of NVR. TIAA CREF Investment Management LLC raised its position in shares of NVR by 1.1% in the first quarter. TIAA CREF Investment Management LLC now owns 78,119 shares of the company’s stock valued at $135,333,000 after buying an additional 838 shares during the period. Goldman Sachs Group Inc. raised its position in shares of NVR by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 50,586 shares of the company’s stock valued at $87,635,000 after buying an additional 2,094 shares during the period. Canada Pension Plan Investment Board raised its position in shares of NVR by 11.9% in the first quarter. Canada Pension Plan Investment Board now owns 42,660 shares of the company’s stock valued at $73,904,000 after buying an additional 4,530 shares during the period. Norges Bank purchased a new position in shares of NVR during the fourth quarter valued at $56,845,000. Finally, JPMorgan Chase & Co. raised its position in shares of NVR by 159.9% in the first quarter. JPMorgan Chase & Co. now owns 30,111 shares of the company’s stock valued at $52,166,000 after buying an additional 18,525 shares during the period. 81.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of NVR Inc. (NYSE:NVR) traded up 0.31% during mid-day trading on Wednesday, reaching $1651.05. The company had a trading volume of 31,039 shares. The stock has a market capitalization of $6.43 billion, a P/E ratio of 17.04 and a beta of 0.50. NVR Inc. has a 52-week low of $1,462.02 and a 52-week high of $1,845.37. The company’s 50-day moving average is $1,684.05 and its 200 day moving average is $1,709.14.
NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, July 21st. The company reported $22.01 earnings per share for the quarter, missing the consensus estimate of $26.00 by $3.99. NVR had a return on equity of 32.00% and a net margin of 7.53%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Analysts anticipate that NVR Inc. will post $102.08 EPS for the current fiscal year.
NVR has been the subject of several recent research reports. Zacks Investment Research downgraded NVR from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Credit Suisse Group AG reiterated a “sell” rating on shares of NVR in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. NVR currently has a consensus rating of “Hold” and an average price target of $1,713.50.
In other NVR news, Director Manuel H. Johnson sold 121 shares of NVR stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $1,699.19, for a total transaction of $205,601.99. Following the transaction, the director now directly owns 400 shares in the company, valued at approximately $679,676. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William Grady Rosier sold 729 shares of NVR stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $1,728.71, for a total transaction of $1,260,229.59. Following the transaction, the director now owns 4,153 shares in the company, valued at $7,179,332.63. The disclosure for this sale can be found here. Company insiders own 10.20% of the company’s stock.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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