Wedge Capital Management L L P NC Sells 1,207 Shares of NVR, Inc. (NYSE:NVR)

Share on StockTwits

Wedge Capital Management L L P NC trimmed its stake in shares of NVR, Inc. (NYSE:NVR) by 12.9% during the fourth quarter, Holdings Channel reports. The firm owned 8,163 shares of the construction company’s stock after selling 1,207 shares during the period. Wedge Capital Management L L P NC’s holdings in NVR were worth $31,088,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC acquired a new position in shares of NVR in the 2nd quarter worth approximately $175,206,000. State Street Corp grew its position in NVR by 25.2% in the third quarter. State Street Corp now owns 158,286 shares of the construction company’s stock valued at $588,404,000 after acquiring an additional 31,826 shares during the period. BlackRock Inc. raised its stake in NVR by 7.2% during the second quarter. BlackRock Inc. now owns 398,321 shares of the construction company’s stock worth $1,342,443,000 after acquiring an additional 26,640 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of NVR by 7.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 190,047 shares of the construction company’s stock valued at $640,506,000 after acquiring an additional 12,746 shares during the period. Finally, Man Group plc lifted its holdings in shares of NVR by 127.5% during the second quarter. Man Group plc now owns 15,283 shares of the construction company’s stock valued at $51,507,000 after acquiring an additional 8,564 shares during the period. Institutional investors own 83.13% of the company’s stock.

In other NVR news, CEO Paul C. Saville sold 1,900 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $3,670.99, for a total value of $6,974,881.00. Following the completion of the sale, the chief executive officer now owns 114,670 shares in the company, valued at approximately $420,952,423.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel David Malzahn sold 1,443 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $3,807.24, for a total transaction of $5,493,847.32. Following the completion of the sale, the chief financial officer now owns 4,014 shares of the company’s stock, valued at approximately $15,282,261.36. The disclosure for this sale can be found here. Insiders sold 21,692 shares of company stock valued at $78,100,018 over the last ninety days. 11.10% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Co upped their target price on shares of NVR from $3,725.00 to $4,000.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Bank of America upgraded shares of NVR from a “neutral” rating to a “buy” rating and set a $4,150.00 target price for the company in a research report on Wednesday, November 6th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised shares of NVR from an “underweight” rating to a “neutral” rating in a report on Monday, December 9th. Finally, ValuEngine upgraded shares of NVR from a “strong sell” rating to a “sell” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $3,799.83.

NVR stock opened at $3,903.99 on Thursday. The business has a fifty day moving average price of $3,796.43 and a 200 day moving average price of $3,624.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.73 and a quick ratio of 2.41. NVR, Inc. has a fifty-two week low of $2,452.42 and a fifty-two week high of $3,946.50. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 1.60 and a beta of 0.58.

NVR (NYSE:NVR) last announced its earnings results on Friday, October 18th. The construction company reported $56.11 EPS for the quarter, topping the consensus estimate of $51.52 by $4.59. NVR had a return on equity of 41.69% and a net margin of 11.82%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business earned $48.28 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts expect that NVR, Inc. will post 215.51 earnings per share for the current fiscal year.

NVR Company Profile

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.

Further Reading: How is the LIBOR rate calculated?

Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

Receive News & Ratings for NVR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.