Daiwa Securities Group Inc. Invests $482,000 in NVR, Inc. (NYSE:NVR)

Daiwa Securities Group Inc. bought a new position in NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 200 shares of the construction company’s stock, valued at approximately $482,000.

Several other hedge funds have also added to or reduced their stakes in NVR. Virtu Financial LLC acquired a new stake in NVR during the first quarter worth $297,000. Old Mutual Global Investors UK Ltd. increased its stake in NVR by 36.3% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 31,103 shares of the construction company’s stock worth $65,530,000 after buying an additional 8,278 shares in the last quarter. Russell Investments Group Ltd. increased its stake in NVR by 75.8% in the first quarter. Russell Investments Group Ltd. now owns 27,244 shares of the construction company’s stock worth $57,393,000 after buying an additional 11,750 shares in the last quarter. Shell Asset Management Co. acquired a new stake in NVR during the first quarter worth $588,000. Finally, First Quadrant L P CA acquired a new stake in NVR during the first quarter worth $8,295,000. 77.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NVR, Inc. (NYSE:NVR) opened at 2705.70 on Monday. The stock has a market capitalization of $10.13 billion, a P/E ratio of 21.41 and a beta of 0.67. NVR, Inc. has a 52-week low of $1,478.04 and a 52-week high of $2,748.57. The stock has a 50 day moving average of $2,561.19 and a 200-day moving average of $2,221.87.

NVR (NYSE:NVR) last posted its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, beating the 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 previous year, the firm earned $22.01 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Analysts predict that NVR, Inc. will post $139.24 EPS for the current fiscal year.

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A number of analysts have recently weighed in on the stock. MKM Partners reaffirmed a “neutral” rating and issued a $2,600.00 target price (up from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Bank of America Corporation reaffirmed a “buy” rating and issued a $2,690.00 target price (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Finally, Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $2,672.00.

In other NVR news, CFO Daniel David Malzahn sold 1,500 shares of NVR stock in a transaction dated 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 in the company, valued at $11,316,028.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Williamson Ross bought 30 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $2,253.43 per share, for a total transaction of $67,602.90. Following the purchase, the director now directly owns 30 shares of the company’s stock, valued at $67,602.90. The disclosure for this purchase can be found here. Insiders sold 7,161 shares of company stock worth $17,949,273 in the last quarter. 11.30% of the stock is owned by insiders.

About NVR

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).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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