Vident Investment Advisory LLC Acquires 163 Shares of NVR, Inc. (NVR)
Vident Investment Advisory LLC boosted its holdings in NVR, Inc. (NYSE:NVR) by 134.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 284 shares of the construction company’s stock after buying an additional 163 shares during the quarter. Vident Investment Advisory LLC’s holdings in NVR were worth $811,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of NVR. Toronto Dominion Bank acquired a new position in NVR in the second quarter worth approximately $104,000. US Bancorp DE grew its position in NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after buying an additional 22 shares during the last quarter. Advisor Group Inc. grew its position in NVR by 13.9% in the second quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock worth $197,000 after buying an additional 10 shares during the last quarter. Everett Harris & Co. CA purchased a new position in NVR during the 2nd quarter worth approximately $200,000. Finally, Hikari Power Ltd purchased a new position in NVR during the 2nd quarter worth approximately $217,000. Hedge funds and other institutional investors own 78.48% of the company’s stock.
NVR, Inc. (NYSE NVR) traded up $35.54 during midday trading on Friday, reaching $3,405.54. 27,700 shares of the company’s stock traded hands, compared to its average volume of 28,526. NVR, Inc. has a 12-month low of $1,604.00 and a 12-month high of $3,509.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 3.60. The stock has a market cap of $12,603.32, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.34 and a beta of 0.75.
NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, October 19th. The construction company reported $38.02 earnings per share for the quarter, topping the consensus estimate of $35.77 by $2.25. NVR had a net margin of 9.22% and a return on equity of 38.23%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company posted $28.46 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. equities research analysts expect that NVR, Inc. will post 147.66 earnings per share for the current fiscal year.
NVR declared that its board has approved a stock repurchase plan on Tuesday, December 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, Director William A. Moran sold 4,949 shares of the business’s stock in a transaction on 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Timothy M. Donahue sold 326 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were 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. Insiders own 11.30% of the company’s stock.
Several research firms have weighed in on NVR. UBS began coverage on shares of NVR in a research report on Wednesday, October 25th. They set a “neutral” rating and a $3,450.00 price objective 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 objective on the stock in a research report on Tuesday, October 24th. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Wells Fargo & Company reiterated a “market perform” rating on shares of NVR in a research report on Friday, October 20th. Finally, ValuEngine cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $3,111.75.
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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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