Alexandria Capital LLC continued to hold its stake in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 278 shares of the construction company’s stock at the end of the second quarter. Alexandria Capital LLC’s holdings in NVR were worth $670,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of NVR during the second quarter valued at about $588,000. Shell Asset Management Co. increased its stake in shares of NVR by 126.9% in the second quarter. Shell Asset Management Co. now owns 633 shares of the construction company’s stock valued at $1,526,000 after buying an additional 354 shares during the period. ING Groep NV bought a new stake in shares of NVR during the second quarter valued at about $1,022,000. Moloney Securities Asset Management LLC bought a new stake in shares of NVR during the second quarter valued at about $224,000. Finally, Acadian Asset Management LLC increased its stake in shares of NVR by 53.7% in the second quarter. Acadian Asset Management LLC now owns 23,516 shares of the construction company’s stock valued at $56,688,000 after buying an additional 8,217 shares during the period. Institutional investors and hedge funds own 77.85% of the company’s stock.
NVR, Inc. (NYSE:NVR) opened at 2741.03 on Thursday. The company has a market capitalization of $10.26 billion, a PE ratio of 21.68 and a beta of 0.67. The company has a 50-day moving average of $2,548.88 and a 200-day moving average of $2,211.24. NVR, Inc. has a 52 week low of $1,478.04 and a 52 week high of $2,748.57.
NVR (NYSE:NVR) last posted its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, topping the Zacks’ 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 for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $22.01 earnings per share. On average, equities research analysts anticipate that NVR, Inc. will post $139.24 EPS for the current year.
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Several brokerages have issued reports on NVR. MKM Partners restated a “neutral” rating and set a $2,600.00 price objective (up from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Zacks Investment Research raised shares of NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price on the stock in a report on Wednesday, June 28th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $2,690.00 target price (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $2,672.00.
In related news, CFO Daniel David Malzahn sold 1,500 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 4,225 shares of the company’s stock, valued at $11,316,028.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William Grady Rosier sold 1,250 shares of the company’s stock in a transaction dated 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 directly owns 1,212 shares of the company’s stock, valued at $3,236,609.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,161 shares of company stock worth $17,949,273. Company 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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