Alpine Woods Capital Investors LLC continued to hold its position in NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 940 shares of the construction company’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in NVR were worth $2,266,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in NVR by 67.6% in the second quarter. Advisors Asset Management Inc. now owns 124 shares of the construction company’s stock worth $299,000 after buying an additional 50 shares in the last quarter. CCM Investment Advisers LLC raised its position in NVR by 1.3% in the second quarter. CCM Investment Advisers LLC now owns 3,916 shares of the construction company’s stock worth $9,439,000 after buying an additional 50 shares in the last quarter. Teacher Retirement System of Texas raised its position in NVR by 79.2% in the second quarter. Teacher Retirement System of Texas now owns 525 shares of the construction company’s stock worth $1,266,000 after buying an additional 232 shares in the last quarter. First Trust Advisors LP raised its position in NVR by 36.8% in the second quarter. First Trust Advisors LP now owns 3,282 shares of the construction company’s stock worth $7,912,000 after buying an additional 882 shares in the last quarter. Finally, Arizona State Retirement System raised its position in NVR by 2.6% in the second quarter. Arizona State Retirement System now owns 1,436 shares of the construction company’s stock worth $3,462,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 77.29% of the company’s stock.

Shares of NVR, Inc. (NYSE NVR) opened at 2742.09 on Tuesday. The firm’s 50-day moving average price is $2,570.21 and its 200 day moving average price is $2,234.22. NVR, Inc. has a 52 week low of $1,478.04 and a 52 week high of $2,767.30. The company has a market cap of $10.26 billion, a P/E ratio of 21.69 and a beta of 0.67.

NVR (NYSE:NVR) last released its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, topping the Zacks’ consensus estimate of $28.63 by $6.56. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. NVR had a return on equity of 37.43% and a net margin of 8.67%. 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 earned $22.01 EPS. On average, equities analysts predict that NVR, Inc. will post $139.24 EPS for the current fiscal year.

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A number of research analysts recently issued reports on the company. MKM Partners restated a “neutral” rating and set a $2,600.00 price objective (up previously from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $2,726.00 price objective for the company in a research report on Wednesday, June 28th. Bank of America Corporation reaffirmed a “buy” rating and set a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. NVR currently has a consensus rating of “Hold” and a consensus target price of $2,672.00.

In other NVR news, CEO Paul C. Saville sold 2,086 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $2,315.08, for a total value of $4,829,256.88. Following the transaction, the chief executive officer now directly owns 118,066 shares in the company, valued at approximately $273,332,235.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel David Malzahn sold 1,500 shares of the 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 completion of the transaction, the chief financial officer now owns 4,225 shares in the company, valued at $11,316,028.75. The disclosure for this sale can be found here. Insiders sold a total of 7,161 shares of company stock worth $17,949,273 over the last quarter. Corporate insiders own 11.30% of the company’s stock.

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).

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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