Pacad Investment Ltd. continued to hold its position in shares of NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 200 shares of the construction company’s stock at the close of the 2nd quarter. Pacad Investment Ltd.’s holdings in NVR were worth $482,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in NVR in the first quarter worth $238,000. Thrivent Financial For Lutherans raised its holdings in shares of NVR by 8.3% during the first quarter. Thrivent Financial For Lutherans now owns 650 shares of the construction company’s stock worth $1,369,000 after acquiring an additional 50 shares during the period. Pacer Advisors Inc. raised its holdings in shares of NVR by 18.2% during the second quarter. Pacer Advisors Inc. now owns 577 shares of the construction company’s stock worth $1,391,000 after acquiring an additional 89 shares during the period. Prudential Financial Inc. raised its holdings in shares of NVR by 16.0% during the second quarter. Prudential Financial Inc. now owns 40,440 shares of the construction company’s stock worth $97,485,000 after acquiring an additional 5,580 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of NVR by 11.3% during the first quarter. Bank of Montreal Can now owns 217 shares of the construction company’s stock worth $457,000 after acquiring an additional 22 shares during the period. Institutional investors own 79.77% of the company’s stock.
A number of equities research analysts recently commented on the stock. MKM Partners restated a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $2,690.00 price objective (up previously from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2,672.00.
Shares of NVR, Inc. (NVR) traded down 0.69% during midday trading on Thursday, reaching $2772.30. 321 shares of the company were exchanged. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $2,842.97. The company has a 50 day moving average price of $2,700.71 and a 200-day moving average price of $2,353.77. The stock has a market capitalization of $10.38 billion, a P/E ratio of 21.93 and a beta of 0.66.
NVR (NYSE:NVR) last released its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the firm posted $22.01 EPS. NVR’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast that NVR, Inc. will post $139.24 earnings per share for the current fiscal year.
In other NVR news, CFO Daniel David Malzahn sold 1,500 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was 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 owns 4,225 shares of the company’s stock, valued at approximately $11,316,028.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey D. Martchek sold 1,000 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,669.90, for a total value of $2,669,900.00. Following the transaction, the insider now directly owns 5,323 shares in the company, valued at approximately $14,211,877.70. The disclosure for this sale can be found here. Insiders sold a total of 4,240 shares of company stock worth $11,355,358 in the last ninety days. 11.30% of the stock is currently owned by corporate insiders.
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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