Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 509 shares of the construction company’s stock after buying an additional 6 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NVR were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in NVR. Bank of Montreal Can lifted its holdings in NVR by 11.3% during the 1st quarter. Bank of Montreal Can now owns 217 shares of the construction company’s stock worth $457,000 after buying an additional 22 shares during the last quarter. Shell Asset Management Co. purchased a new stake in NVR during the 1st quarter worth about $588,000. Wells Fargo & Company MN lifted its holdings in NVR by 5.6% during the 1st quarter. Wells Fargo & Company MN now owns 11,834 shares of the construction company’s stock worth $24,933,000 after buying an additional 628 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in NVR during the 1st quarter worth about $327,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in NVR by 1.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 5,206 shares of the construction company’s stock worth $10,968,000 after buying an additional 97 shares during the last quarter. 79.77% of the stock is owned by institutional investors.
In other news, insider Jeffrey D. Martchek sold 1,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 5,323 shares of the company’s stock, valued at $14,211,877.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Grady Rosier sold 1,250 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the transaction, the director now directly owns 1,212 shares in the company, valued at approximately $3,236,609.64. The disclosure for this sale can be found here. Insiders have sold 4,240 shares of company stock worth $11,355,358 in the last ninety days. Corporate insiders own 11.30% of the company’s stock.
A number of brokerages have issued reports on NVR. MKM Partners reaffirmed a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Zacks Investment Research downgraded NVR from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $2,690.00 price target (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. NVR presently has a consensus rating of “Hold” and an average target price of $2,672.00.
Shares of NVR, Inc. (NYSE:NVR) opened at 2751.70 on Monday. The stock has a market capitalization of $10.30 billion, a P/E ratio of 21.77 and a beta of 0.66. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $2,775.52. The stock has a 50 day moving average price of $2,691.99 and a 200 day moving average price of $2,334.93.
NVR (NYSE:NVR) last issued its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, topping the 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 analysts’ expectations of $1.57 billion. During the same quarter last year, the company posted $22.01 earnings per share. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate that NVR, Inc. will post $139.24 earnings per share for the current fiscal year.
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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