Rational Advisors LLC Invests $265,000 in NVR, Inc. (NVR)
Rational Advisors LLC acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 110 shares of the construction company’s stock, valued at approximately $265,000.
Other institutional investors have also made changes to their positions in the company. US Bancorp DE increased 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 valued at $113,000 after buying an additional 22 shares during the last quarter. Huntington National Bank increased its stake in NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock worth $120,000 after buying an additional 53 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in NVR during the first quarter worth approximately $124,000. PNC Financial Services Group Inc. increased its stake in NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after buying an additional 9 shares in the last quarter. Finally, James Investment Research Inc. purchased a new stake in NVR during the first quarter worth approximately $158,000. Institutional investors and hedge funds own 77.29% of the company’s stock.
Shares of NVR, Inc. (NYSE NVR) opened at 2742.09 on Tuesday. The firm’s 50-day moving average price is $2,570.21 and its 200-day moving average price is $2,234.22. NVR, Inc. has a 12 month low of $1,478.04 and a 12 month high of $2,767.30. The stock has a market capitalization of $10.26 billion, a P/E ratio of 21.69 and a beta of 0.67.
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 the Zacks’ consensus estimate of $28.63 by $6.56. NVR had a net margin of 8.67% and a return on equity of 37.43%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the company posted $22.01 EPS. The business’s revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that NVR, Inc. will post $139.24 EPS for the current year.
NVR has been the topic of a number of research analyst reports. Bank of America Corporation reiterated a “buy” rating and issued a $2,690.00 target price (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price on the stock in a research report on Wednesday, June 28th. Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Finally, MKM Partners reiterated a “neutral” rating and issued a $2,600.00 target price (up from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. NVR has an average rating of “Hold” and a consensus price target of $2,672.00.
In other NVR news, CFO Daniel David Malzahn sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total value of $4,017,525.00. Following the transaction, the chief financial officer now directly owns 4,225 shares of the company’s stock, valued at approximately $11,316,028.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey D. Martchek sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $2,352.35, for a total transaction of $2,352,350.00. Following the completion of the transaction, the insider now directly owns 5,323 shares in the company, valued at $12,521,559.05. The disclosure for this sale can be found here. Insiders sold a total of 7,161 shares of company stock worth $17,949,273 over the last three months. Corporate 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).
Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR).
Receive News & Ratings for NVR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.