Capital Growth Management LP grew its holdings in NVR, Inc. (NYSE:NVR) by 90.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,000 shares of the construction company’s stock after purchasing an additional 9,000 shares during the quarter. NVR comprises 2.1% of Capital Growth Management LP’s portfolio, making the stock its 18th biggest holding. Capital Growth Management LP owned approximately 0.51% of NVR worth $45,802,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. US Bancorp DE grew its position in shares of NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock valued at $113,000 after purchasing an additional 22 shares during the last quarter. PNC Financial Services Group Inc. grew 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 purchasing an additional 9 shares during the last quarter. Everett Harris & Co. CA acquired a new stake in shares of NVR in the second quarter valued at about $200,000. Hikari Power Ltd acquired a new stake in shares of NVR in the second quarter valued at about $217,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in shares of NVR in the second quarter valued at about $224,000. 79.72% of the stock is currently owned by institutional investors.
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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.
Several brokerages have recently issued reports on NVR. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. MKM Partners reaffirmed a “neutral” rating on shares of NVR in a research report 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 given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $2,672.00.
NVR, Inc. (NYSE:NVR) traded up 1.27% during midday trading on Tuesday, reaching $2830.00. The company had a trading volume of 7,342 shares. The firm has a market capitalization of $10.59 billion, a P/E ratio of 22.39 and a beta of 0.66. The stock’s 50 day moving average price is $2,714.83 and its 200-day moving average price is $2,377.59. NVR, Inc. has a one year low of $1,478.04 and a one year high of $2,842.97.
NVR (NYSE:NVR) last issued its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $28.63 by $6.56. The company 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%. NVR’s quarterly revenue was up 11.3% compared to the same quarter last year. 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, 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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