Thrivent Financial For Lutherans Has $1.69 Million Position in NVR, Inc. (NVR)
Thrivent Financial For Lutherans boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 700 shares of the construction company’s stock after purchasing an additional 50 shares during the quarter. Thrivent Financial For Lutherans’ holdings in NVR were worth $1,687,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of NVR. American Century Companies Inc. acquired a new stake in NVR in the 1st quarter valued at about $565,000. Virginia Retirement Systems ET AL purchased a new position in shares of NVR in the 1st quarter valued at about $211,000. Stifel Financial Corp boosted its stake in shares of NVR by 8.7% in the 1st quarter. Stifel Financial Corp now owns 412 shares of the construction company’s stock valued at $851,000 after buying an additional 33 shares during the period. SG Americas Securities LLC boosted its stake in shares of NVR by 71.1% in the 1st quarter. SG Americas Securities LLC now owns 385 shares of the construction company’s stock valued at $811,000 after buying an additional 160 shares during the period. Finally, Clinton Group Inc. purchased a new position in shares of NVR in the 1st quarter valued at about $225,000. Institutional investors own 79.72% of the company’s stock.
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Shares of NVR, Inc. (NYSE NVR) opened at 2855.00 on Monday. The stock has a market capitalization of $10.69 billion, a PE ratio of 22.59 and a beta of 0.66. NVR, Inc. has a 52-week low of $1,478.04 and a 52-week high of $2,891.43. The stock’s 50 day moving average is $2,721.28 and its 200 day moving average is $2,383.89.
NVR (NYSE:NVR) last announced its earnings results on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, beating the consensus estimate of $28.63 by $6.56. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.57 billion. NVR had a return on equity of 37.43% and a net margin of 8.67%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $22.01 EPS. Equities research analysts expect that NVR, Inc. will post $139.24 earnings per share for the current fiscal year.
In other NVR news, Director Eddie Arthur Grier sold 165 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 340 shares of the company’s stock, valued at $911,968.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey D. Martchek sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $2,669.90, for a total transaction of $2,669,900.00. Following the completion of the sale, the insider now directly owns 5,323 shares of the company’s stock, valued at approximately $14,211,877.70. The disclosure for this sale can be found here. Insiders have sold a total of 4,240 shares of company stock worth $11,355,358 over the last three months. 11.30% of the stock is currently owned by corporate insiders.
A number of brokerages have recently commented on NVR. Zacks Investment Research downgraded NVR from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Bank of America Corporation reaffirmed a “buy” rating and issued a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Finally, MKM Partners reiterated a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. NVR has an average rating of “Hold” and a consensus target price of $2,672.00.
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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