Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Holdings in NVR, Inc. (NYSE:NVR)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in NVR, Inc. (NYSE:NVR) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 645 shares of the construction company’s stock after selling 43 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NVR were worth $2,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in NVR. Los Angeles Capital Management & Equity Research Inc. grew its position in NVR by 119.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 257 shares of the construction company’s stock valued at $866,000 after acquiring an additional 140 shares during the last quarter. Moloney Securities Asset Management LLC bought a new position in NVR during the second quarter valued at approximately $243,000. Highland Capital Management LLC bought a new position in NVR during the second quarter valued at approximately $1,375,000. ARP Americas LP grew its position in NVR by 74.6% during the second quarter. ARP Americas LP now owns 730 shares of the construction company’s stock valued at $2,460,000 after acquiring an additional 312 shares during the last quarter. Finally, BP PLC bought a new position in NVR during the second quarter valued at approximately $1,173,000. 78.22% of the stock is currently owned by institutional investors and hedge funds.

NVR has been the topic of a number of recent research reports. Evercore ISI upgraded shares of NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Evercore upgraded shares of NVR from an “in-line” rating to an “outperform” rating in a report on Friday, August 9th. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,642.00 target price on the stock in a report on Thursday, July 11th. Buckingham Research raised their target price on shares of NVR from $3,580.00 to $3,860.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Finally, Wells Fargo & Co raised their target price on shares of NVR from $3,500.00 to $3,725.00 and gave the stock a “market perform” rating in a report on Monday, July 22nd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $3,508.80.

In related news, Director Alexandra A. Jung purchased 70 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average price of $3,285.00 per share, for a total transaction of $229,950.00. Following the completion of the acquisition, the director now directly owns 95 shares in the company, valued at approximately $312,075. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Paul C. Saville sold 1,200 shares of NVR stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $3,236.84, for a total transaction of $3,884,208.00. Following the completion of the sale, the chief executive officer now owns 113,970 shares in the company, valued at approximately $368,902,654.80. The disclosure for this sale can be found here. Insiders sold 29,301 shares of company stock worth $101,083,857 in the last 90 days. Company insiders own 11.10% of the company’s stock.

Shares of NVR stock opened at $3,490.00 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.14 and a current ratio of 4.29. NVR, Inc. has a 52-week low of $2,040.71 and a 52-week high of $3,582.99. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 1.61 and a beta of 0.65. The company’s 50 day moving average price is $3,426.59 and its 200-day moving average price is $3,101.65.

NVR (NYSE:NVR) last issued its earnings results on Friday, July 19th. The construction company reported $53.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $44.87 by $8.22. NVR had a net margin of 11.54% and a return on equity of 44.03%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the business earned $49.05 earnings per share. The business’s revenue was up .4% on a year-over-year basis. As a group, equities research analysts forecast that NVR, Inc. will post 206.55 earnings per share for the current fiscal year.

NVR announced that its board has authorized a stock repurchase plan on Thursday, May 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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