NVR, Inc. (NVR) Stake Lowered by CIBC World Markets Inc.
CIBC World Markets Inc. decreased its position in NVR, Inc. (NYSE:NVR) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 259 shares of the construction company’s stock after selling 29 shares during the quarter. CIBC World Markets Inc.’s holdings in NVR were worth $624,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of NVR in the first quarter valued at approximately $238,000. Thrivent Financial For Lutherans raised its position in shares of NVR by 8.3% in the first quarter. Thrivent Financial For Lutherans now owns 650 shares of the construction company’s stock valued at $1,369,000 after purchasing an additional 50 shares during the period. Pacer Advisors Inc. raised its position in shares of NVR by 18.2% in the second quarter. Pacer Advisors Inc. now owns 577 shares of the construction company’s stock valued at $1,391,000 after purchasing an additional 89 shares during the period. Prudential Financial Inc. raised its position in shares of NVR by 16.0% in the second quarter. Prudential Financial Inc. now owns 40,440 shares of the construction company’s stock valued at $97,485,000 after purchasing an additional 5,580 shares during the period. Finally, Bank of Montreal Can raised its position in shares of NVR by 11.3% in the first quarter. Bank of Montreal Can now owns 217 shares of the construction company’s stock valued at $457,000 after purchasing an additional 22 shares during the period. 79.72% of the stock is currently owned by institutional investors.
NVR has been the topic of a number of recent analyst reports. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of NVR from a “hold” rating to a “buy” rating and set a $2,726.00 price target on the stock in a research 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 research report on Wednesday, June 28th. Zelman & Associates lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Finally, MKM Partners reissued a “neutral” rating on shares of NVR in a research report on Tuesday, September 5th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $2,672.00.
NVR, Inc. (NVR) opened at 2794.55 on Tuesday. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 22.11 and a beta of 0.66. The company’s 50-day moving average is $2,714.83 and its 200-day moving average is $2,377.59. NVR, Inc. has a 12 month low of $1,478.04 and a 12 month high of $2,842.97.
NVR (NYSE:NVR) last released its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, beating the consensus estimate of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the firm posted $22.01 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that NVR, Inc. will post $139.24 earnings per share for the current year.
In related news, Director William Grady Rosier sold 1,250 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total value of $3,338,087.50. Following the sale, the director now owns 1,212 shares in the company, valued at approximately $3,236,609.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey D. Martchek sold 1,000 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,669.90, for a total value of $2,669,900.00. Following the completion of the sale, the insider now owns 5,323 shares in the company, valued at approximately $14,211,877.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,240 shares of company stock worth $11,355,358. 11.30% of the stock is owned by company insiders.
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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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