Empirical Finance LLC continued to hold its position in NVR, Inc. (NYSE:NVR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 572 shares of the construction company’s stock at the end of the second quarter. Empirical Finance LLC’s holdings in NVR were worth $1,379,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in NVR. US Bancorp DE boosted its position in 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 in the last quarter. PNC Financial Services Group Inc. boosted its position in NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock valued at $148,000 after buying an additional 9 shares in the last quarter. Everett Harris & Co. CA acquired a new position in NVR in the second quarter valued at about $200,000. Virginia Retirement Systems ET AL acquired a new position in NVR in the first quarter valued at about $211,000. Finally, Coldstream Capital Management Inc. acquired a new position in NVR in the first quarter valued at about $211,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.
Shares of NVR, Inc. (NYSE NVR) traded up 0.28% during trading on Tuesday, hitting $2826.79. 4,889 shares of the stock were exchanged. NVR, Inc. has a 52 week low of $1,478.04 and a 52 week high of $2,842.97. The firm has a market capitalization of $10.58 billion, a P/E ratio of 22.36 and a beta of 0.66. The firm has a 50 day moving average price of $2,693.27 and a 200 day moving average price of $2,344.01.
NVR (NYSE:NVR) last announced its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $28.63 by $6.56. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. NVR had a net margin of 8.67% and a return on equity of 37.43%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $22.01 EPS. Analysts forecast that NVR, Inc. will post $139.24 EPS for the current fiscal year.
In related news, CFO Daniel David Malzahn sold 1,500 shares of NVR 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 transaction of $4,017,525.00. Following the sale, the chief financial officer now directly owns 4,225 shares in the company, valued at approximately $11,316,028.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eddie Arthur Grier sold 165 shares of NVR stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the sale, the director now owns 340 shares in the company, valued at $911,968.40. 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 ninety days. 11.30% of the stock is currently owned by insiders.
A number of equities analysts have commented on the stock. Zelman & Associates lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. MKM Partners restated a “neutral” rating and issued a $2,600.00 price target (up from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Bank of America Corporation restated a “buy” rating and issued a $2,690.00 price target (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “buy” rating and set a $2,726.00 price target on the stock in a research report on Wednesday, June 28th. Finally, ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $2,672.00.
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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