Argent Capital Management LLC held its position in shares of NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 268 shares of the construction company’s stock at the end of the 2nd quarter. Argent Capital Management LLC’s holdings in NVR were worth $646,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of NVR during the 1st quarter worth about $238,000. Thrivent Financial For Lutherans grew its holdings in shares of NVR by 8.3% during the 1st quarter. Thrivent Financial For Lutherans now owns 650 shares of the construction company’s stock worth $1,369,000 after purchasing an additional 50 shares during the period. Prudential Financial Inc. grew its holdings in shares of NVR by 16.0% during the 2nd quarter. Prudential Financial Inc. now owns 40,440 shares of the construction company’s stock worth $97,485,000 after purchasing an additional 5,580 shares during the period. Andra AP fonden purchased a new stake in shares of NVR during the 2nd quarter worth about $4,797,000. Finally, Birinyi Associates Inc. purchased a new stake in shares of NVR during the 2nd quarter worth about $1,005,000. Institutional investors own 79.72% of the company’s stock.
In other news, Director Eddie Arthur Grier sold 165 shares of the stock in a transaction dated 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 transaction, the director now owns 340 shares of the company’s stock, valued at approximately $911,968.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel David Malzahn sold 1,500 shares of the stock in a transaction dated 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 in the company, valued at approximately $11,316,028.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,240 shares of company stock worth $11,355,358. 11.30% of the stock is currently owned by insiders.
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Shares of NVR, Inc. (NVR) traded down 0.68% during mid-day trading on Tuesday, hitting $2869.94. The stock had a trading volume of 3,101 shares. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 22.70 and a beta of 0.66. The company has a 50-day moving average of $2,780.86 and a 200 day moving average of $2,468.29. NVR, Inc. has a one year low of $1,478.04 and a one year high of $2,949.50.
NVR (NYSE:NVR) last issued its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, beating the Zacks’ consensus estimate of $28.63 by $6.56. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. NVR had a return on equity of 37.43% and a net margin of 8.67%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $22.01 EPS. On average, equities research analysts forecast that NVR, Inc. will post $139.24 earnings per share for the current year.
NVR has been the subject of a number of research reports. Zacks Investment Research cut NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Bank of America Corporation reiterated a “buy” rating and set 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 report 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. The company currently has a consensus rating of “Hold” and an average price target of $2,645.00.
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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