James Investment Research Inc. maintained its position in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75 shares of the construction company’s stock at the end of the second quarter. James Investment Research Inc.’s holdings in NVR were worth $181,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Huntington National Bank boosted its stake in shares of NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock worth $120,000 after buying an additional 53 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of NVR during the first quarter valued at $124,000. PNC Financial Services Group Inc. raised its position in shares of NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock valued at $148,000 after buying an additional 9 shares during the last quarter. IMS Capital Management bought a new position in shares of NVR during the first quarter valued at $209,000. Finally, WASHINGTON TRUST Co bought a new position in shares of NVR during the first quarter valued at $211,000. Hedge funds and other institutional investors own 77.29% of the company’s stock.
NVR, Inc. (NVR) traded down 2.41% during mid-day trading on Friday, hitting $2683.55. 32,574 shares of the stock traded hands. The firm has a market capitalization of $10.04 billion, a P/E ratio of 21.23 and a beta of 0.67. The company has a 50-day moving average of $2,606.37 and a 200 day moving average of $2,253.67. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,775.52.
NVR (NYSE:NVR) last posted its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 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 firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the firm earned $22.01 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that NVR, Inc. will post $139.24 EPS for the current year.
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Several equities analysts have recently weighed in on the stock. MKM Partners reaffirmed a “neutral” rating and set a $2,600.00 price target (up from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Zacks Investment Research lowered shares of NVR from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Zelman & Associates lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $2,690.00 target price (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $2,672.00.
In other NVR news, Director William Grady Rosier sold 1,250 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the completion of the sale, the director now owns 1,212 shares of the company’s stock, valued at $3,236,609.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey D. Martchek sold 1,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $2,352.35, for a total value of $2,352,350.00. Following the sale, the insider now directly owns 5,323 shares of the company’s stock, valued at approximately $12,521,559.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,486 shares of company stock valued at $18,836,546. Insiders own 11.30% of the company’s stock.
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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