NVR, Inc. (NVR) Stake Decreased by Yorktown Management & Research Co Inc
Yorktown Management & Research Co Inc lowered its position in NVR, Inc. (NYSE:NVR) by 26.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 110 shares of the construction company’s stock after selling 40 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in NVR were worth $314,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in NVR. Broad Run Investment Management LLC purchased a new stake in shares of NVR in the second quarter valued at $91,459,000. BlackRock Inc. raised its stake in shares of NVR by 8.7% in the second quarter. BlackRock Inc. now owns 379,835 shares of the construction company’s stock valued at $915,632,000 after acquiring an additional 30,517 shares during the period. FMR LLC raised its stake in shares of NVR by 23.3% in the second quarter. FMR LLC now owns 150,964 shares of the construction company’s stock valued at $363,915,000 after acquiring an additional 28,513 shares during the period. Vanguard Group Inc. raised its stake in shares of NVR by 9.5% in the second quarter. Vanguard Group Inc. now owns 309,547 shares of the construction company’s stock valued at $746,196,000 after acquiring an additional 26,827 shares during the period. Finally, State Street Corp raised its stake in shares of NVR by 17.7% in the second quarter. State Street Corp now owns 139,294 shares of the construction company’s stock valued at $335,772,000 after acquiring an additional 20,928 shares during the period. 78.85% of the stock is currently owned by institutional investors and hedge funds.
In other NVR news, Director William A. Moran sold 4,949 shares of the stock in a transaction dated 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 transaction, the director now directly owns 26,085 shares in the company, valued at approximately $85,089,009.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy M. Donahue sold 326 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $3,266.87, for a total transaction of $1,064,999.62. Following the transaction, the director now owns 844 shares in the company, valued at $2,757,238.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,440 shares of company stock worth $17,651,161. Company insiders own 11.30% of the company’s stock.
NVR has been the topic of a number of research analyst reports. UBS Group AG initiated coverage on shares of NVR in a report on Wednesday, October 25th. They issued a “neutral” rating and a $3,450.00 price target on the stock. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 price target on the stock in a report on Tuesday, October 24th. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Wells Fargo & Company restated a “market perform” rating on shares of NVR in a report on Friday, October 20th. Finally, ValuEngine cut shares of NVR from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Five research 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 a consensus rating of “Buy” and an average target price of $3,111.75.
NVR, Inc. (NVR) traded up $40.22 during midday trading on Thursday, hitting $3,417.22. 25,800 shares of the stock were exchanged, compared to its average volume of 28,128. The company has a current ratio of 3.60, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $12,629.50, a PE ratio of 24.81, a PEG ratio of 1.55 and a beta of 0.74. NVR, Inc. has a 12-month low of $1,570.00 and a 12-month high of $3,421.90.
NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, October 19th. The construction company reported $38.02 EPS for the quarter, topping the Zacks’ 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 business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $28.46 earnings per share. research analysts forecast that NVR, Inc. will post 146.44 earnings per share 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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