Rafferty Asset Management LLC acquired a new position in NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,322 shares of the construction company’s stock, valued at approximately $3,187,000.
Several other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. increased its stake in shares of NVR by 0.4% in the second quarter. Alps Advisors Inc. now owns 238 shares of the construction company’s stock worth $574,000 after purchasing an additional 1 shares during the period. HPM Partners LLC increased its stake in shares of NVR by 0.6% in the second quarter. HPM Partners LLC now owns 168 shares of the construction company’s stock worth $405,000 after purchasing an additional 1 shares during the period. Advisor Partners LLC increased its stake in shares of NVR by 3.4% in the second quarter. Advisor Partners LLC now owns 122 shares of the construction company’s stock worth $294,000 after purchasing an additional 4 shares during the period. Argent Capital Management LLC increased its stake in shares of NVR by 2.3% in the first quarter. Argent Capital Management LLC now owns 268 shares of the construction company’s stock worth $565,000 after purchasing an additional 6 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of NVR by 1.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 509 shares of the construction company’s stock worth $1,227,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 79.72% of the company’s stock.
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In other NVR news, 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 of the company’s stock, valued at approximately $11,316,028.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eddie Arthur Grier sold 165 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the completion of the transaction, the director now directly owns 340 shares in the company, valued at $911,968.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,240 shares of company stock worth $11,355,358. Insiders own 11.30% of the company’s stock.
A number of equities analysts have recently commented on the company. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. MKM Partners reiterated a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. Zacks Investment Research downgraded NVR from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Bank of America Corporation reissued a “buy” rating and set a $2,690.00 target price (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Finally, Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $2,672.00.
NVR, Inc. (NYSE NVR) traded down 0.65% during midday trading on Wednesday, reaching $2817.38. The company had a trading volume of 3,801 shares. The firm has a market capitalization of $10.55 billion, a P/E ratio of 22.29 and a beta of 0.66. The stock’s 50 day moving average price is $2,721.28 and its 200-day moving average price is $2,383.89. NVR, Inc. has a one year low of $1,478.04 and a one year high of $2,863.27.
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. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.57 billion. NVR had a net margin of 8.67% and a return on equity of 37.43%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $22.01 EPS. On average, equities research analysts anticipate that NVR, Inc. will post $139.24 earnings per share for the current year.
NVR Company Profile
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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