US Bancorp DE increased its position in shares of NVR, Inc. (NYSE:NVR) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81 shares of the construction company’s stock after purchasing an additional 3 shares during the period. US Bancorp DE’s holdings in NVR were worth $272,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of NVR. Impala Asset Management LLC boosted its stake in NVR by 4.7% during the first quarter. Impala Asset Management LLC now owns 52,370 shares of the construction company’s stock worth $144,908,000 after buying an additional 2,359 shares in the last quarter. Northern Trust Corp raised its stake in shares of NVR by 6.8% in the 1st quarter. Northern Trust Corp now owns 43,987 shares of the construction company’s stock valued at $121,712,000 after buying an additional 2,793 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of NVR by 333.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 34,183 shares of the construction company’s stock worth $113,953,000 after acquiring an additional 26,297 shares during the period. Timucuan Asset Management Inc. FL lifted its holdings in shares of NVR by 1.6% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 26,082 shares of the construction company’s stock worth $72,169,000 after acquiring an additional 421 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in shares of NVR by 19.0% during the 2nd quarter. Prudential Financial Inc. now owns 18,868 shares of the construction company’s stock worth $63,591,000 after acquiring an additional 3,014 shares during the period. Institutional investors and hedge funds own 80.10% of the company’s stock.
A number of analysts recently weighed in on the stock. Evercore ISI raised shares of NVR from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. Evercore raised shares of NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Buckingham Research raised their price target on shares of NVR from $3,580.00 to $3,860.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Wells Fargo & Co lifted their price objective on NVR from $3,500.00 to $3,725.00 and gave the company a “market perform” rating in a report on Monday, July 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded NVR from a “hold” rating to a “strong-buy” rating and set a $3,642.00 price objective on the stock in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. NVR currently has a consensus rating of “Buy” and a consensus target price of $3,537.33.
NVR (NYSE:NVR) last issued its earnings results on Friday, July 19th. The construction company reported $53.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $44.87 by $8.22. NVR had a net margin of 11.54% and a return on equity of 44.03%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the company earned $49.05 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Research analysts expect that NVR, Inc. will post 209.1 earnings per share for the current year.
In other NVR news, CEO Paul C. Saville sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $3,502.83, for a total transaction of $70,056,600.00. Following the sale, the chief executive officer now directly owns 132,770 shares of the company’s stock, valued at $465,070,739.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey D. Martchek sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $3,508.28, for a total transaction of $3,508,280.00. Following the sale, the insider now directly owns 5,158 shares in the company, valued at $18,095,708.24. The disclosure for this sale can be found here. Insiders have sold a total of 32,561 shares of company stock valued at $114,955,340 over the last three months. 11.10% of the stock is currently owned by insiders.
NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.
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