NVR, Inc. (NYSE:NVR) Position Increased by Advisor Partners LLC
Advisor Partners LLC raised its stake in shares of NVR, Inc. (NYSE:NVR) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122 shares of the construction company’s stock after buying an additional 4 shares during the period. Advisor Partners LLC’s holdings in NVR were worth $294,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC raised its position in shares of NVR by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 14,736 shares of the construction company’s stock valued at $24,594,000 after buying an additional 621 shares in the last quarter. 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 buying an additional 22 shares in the last quarter. Alpha Windward LLC acquired a new position in shares of NVR during the first quarter valued at about $506,000. Cim LLC raised its position in shares of NVR by 6.1% in the first quarter. Cim LLC now owns 278 shares of the construction company’s stock valued at $586,000 after buying an additional 16 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock valued at $120,000 after buying an additional 53 shares in the last quarter. 77.85% of the stock is currently owned by institutional investors.
Shares of NVR, Inc. (NVR) opened at 2705.70 on Friday. The stock has a market cap of $10.13 billion, a P/E ratio of 21.41 and a beta of 0.67. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,748.57. The firm’s 50-day moving average price is $2,561.19 and its 200 day moving average price is $2,221.87.
NVR (NYSE:NVR) last posted its 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. 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 analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm earned $22.01 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts expect that NVR, Inc. will post $139.24 earnings per share for the current fiscal year.
NVR has been the topic of several recent analyst reports. Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Bank of America Corporation reiterated a “buy” rating and set a $2,690.00 price target (up previously from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. Finally, MKM Partners reiterated a “neutral” rating and set a $2,600.00 price target (up previously from $1,900.00) on shares of NVR in a research note on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $2,672.00.
In other news, CFO Daniel David Malzahn sold 1,500 shares of NVR stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $2,678.35, for a total transaction of $4,017,525.00. Following the sale, the chief financial officer now owns 4,225 shares in the company, valued at $11,316,028.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $2,669,900.00. Following 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. Insiders have sold 7,161 shares of company stock worth $17,949,273 in the last quarter. Insiders own 11.30% of the company’s stock.
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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