Ajo LP Buys 1,285 Shares of NVR, Inc. (NVR)

Ajo LP increased its stake in shares of NVR, Inc. (NYSE:NVR) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,442 shares of the construction company’s stock after purchasing an additional 1,285 shares during the quarter. Ajo LP owned approximately 0.52% of NVR worth $46,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE increased its position in NVR by 88.0% during the 2nd quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after purchasing an additional 22 shares in the last quarter. PNC Financial Services Group Inc. increased its position in NVR by 14.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after purchasing an additional 9 shares in the last quarter. Everett Harris & Co. CA purchased a new stake in NVR during the 2nd quarter worth about $200,000. Virginia Retirement Systems ET AL purchased a new stake in NVR during the 1st quarter worth about $211,000. Finally, Coldstream Capital Management Inc. purchased a new stake in NVR during the 1st quarter worth about $211,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

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A number of analysts recently commented on the company. MKM Partners reiterated a “neutral” rating on shares of NVR in a research report on Tuesday, September 5th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zelman & Associates cut NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $2,726.00 price objective for the company in a research report on Wednesday, June 28th. Finally, Bank of America Corporation reiterated a “buy” rating and set 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $2,672.00.

In related news, Director William Grady Rosier sold 1,250 shares of the company’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 transaction, the director now directly 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey D. Martchek sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were 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 $14,211,877.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,240 shares of company stock valued at $11,355,358. 11.30% of the stock is currently owned by company insiders.

Shares of NVR, Inc. (NYSE:NVR) opened at 2799.61 on Wednesday. The stock has a market cap of $10.48 billion, a PE ratio of 22.15 and a beta of 0.66. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $2,842.97. The firm has a 50-day moving average price of $2,696.86 and a 200 day moving average price of $2,347.45.

NVR (NYSE:NVR) last announced its 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 business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the business posted $22.01 earnings per share. NVR’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that NVR, Inc. will post $139.24 EPS for the current fiscal year.

NVR 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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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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