D.A. Davidson & CO. Has $3.88 Million Stake in NVR, Inc. (NVR)
D.A. Davidson & CO. lifted its stake in NVR, Inc. (NYSE:NVR) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,611 shares of the construction company’s stock after buying an additional 108 shares during the period. D.A. Davidson & CO.’s holdings in NVR were worth $3,883,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. US Bancorp DE boosted its position in shares of NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after buying an additional 22 shares during the period. PNC Financial Services Group Inc. boosted its holdings in NVR by 14.8% in 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 during the last quarter. Everett Harris & Co. CA purchased a new position in NVR in the second quarter valued at about $200,000. Virginia Retirement Systems ET AL purchased a new position in NVR in the first quarter valued at about $211,000. Finally, Hikari Power Ltd purchased a new position in NVR in the second quarter valued at about $217,000. 79.72% of the stock is owned by institutional investors.
A number of research analysts recently commented on NVR shares. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised NVR from a “hold” rating to a “buy” rating and set a $2,726.00 price target for the company in a report on Wednesday, June 28th. Bank of America Corporation reissued a “buy” rating and issued a $2,690.00 price target (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Finally, MKM Partners reissued a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $2,672.00.
Shares of NVR, Inc. (NYSE NVR) traded up 0.33% on Thursday, reaching $2804.79. The company had a trading volume of 1,693 shares. The company has a 50-day moving average price of $2,721.28 and a 200-day moving average price of $2,383.89. The firm has a market capitalization of $10.50 billion, a PE ratio of 22.19 and a beta of 0.66. NVR, Inc. has a 52-week low of $1,478.04 and a 52-week high of $2,846.74.
NVR (NYSE:NVR) last released its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, topping analysts’ consensus estimates of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the business earned $22.01 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts forecast that NVR, Inc. will post $139.24 EPS for the current fiscal year.
In related news, insider Jeffrey D. Martchek sold 1,000 shares of NVR stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $2,669.90, for a total transaction of $2,669,900.00. Following the sale, the insider now directly owns 5,323 shares of the company’s stock, valued at $14,211,877.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eddie Arthur Grier sold 165 shares of NVR stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total value of $442,572.90. Following the sale, the director now directly owns 340 shares in the company, valued at $911,968.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,240 shares of company stock worth $11,355,358. 11.30% of the stock is owned by company insiders.
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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