NVR, Inc. (NVR) Position Cut by Bank of New York Mellon Corp
Bank of New York Mellon Corp trimmed its stake in NVR, Inc. (NYSE:NVR) by 0.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,735 shares of the construction company’s stock after selling 391 shares during the quarter. Bank of New York Mellon Corp owned about 1.28% of NVR worth $136,284,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the business. Alps Advisors Inc. lifted its position in NVR by 0.4% during the second quarter. Alps Advisors Inc. now owns 238 shares of the construction company’s stock valued at $574,000 after buying an additional 1 shares in the last quarter. HPM Partners LLC lifted its position in NVR by 0.6% during the second quarter. HPM Partners LLC now owns 168 shares of the construction company’s stock valued at $405,000 after buying an additional 1 shares in the last quarter. Advisor Partners LLC lifted its position in shares of NVR by 3.4% during the second quarter. Advisor Partners LLC now owns 122 shares of the construction company’s stock worth $294,000 after purchasing an additional 4 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of NVR by 1.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 509 shares of the construction company’s stock worth $1,227,000 after purchasing an additional 6 shares in the last quarter. Finally, Oakbrook Investments LLC lifted its position in shares of NVR by 4.0% during the second quarter. Oakbrook Investments LLC now owns 260 shares of the construction company’s stock worth $627,000 after purchasing an additional 10 shares in the last quarter. 78.85% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Eddie Arthur Grier sold 165 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were 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 of the company’s stock, valued at $911,968.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William A. Moran sold 4,949 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $3,261.99, for a total transaction of $16,143,588.51. Following the completion of the sale, the director now directly owns 26,085 shares in the company, valued at $85,089,009.15. The disclosure for this sale can be found here. Insiders sold 5,440 shares of company stock worth $17,651,161 over the last ninety days. 11.30% of the stock is currently owned by corporate insiders.
NVR has been the topic of a number of recent research reports. Wells Fargo & Company reissued a “market perform” rating on shares of NVR in a research report on Friday, October 20th. ValuEngine cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Zacks Investment Research raised shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 target price on the stock in a research report on Tuesday, October 24th. UBS AG initiated coverage on shares of NVR in a research report on Wednesday, October 25th. They set a “neutral” rating and a $3,450.00 target price on the stock. Finally, MKM Partners reissued a “neutral” rating on shares of NVR in a research report on Tuesday, September 5th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $3,111.75.
NVR, Inc. (NYSE:NVR) opened at $3,377.00 on Wednesday. NVR, Inc. has a 12-month low of $1,570.00 and a 12-month high of $3,415.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 3.60. The company has a market cap of $12,406.27, a price-to-earnings ratio of 24.37, a PEG ratio of 1.52 and a beta of 0.74.
NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, October 19th. The construction company reported $38.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.77 by $2.25. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.71 billion. NVR had a net margin of 9.22% and a return on equity of 38.23%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $28.46 earnings per share. research analysts anticipate that NVR, Inc. will post 146.44 EPS for the current year.
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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).
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