HL Financial Services LLC Increases Position in NVR Inc. (NVR)
HL Financial Services LLC boosted its position in shares of NVR Inc. (NYSE:NVR) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,730 shares of the company’s stock after buying an additional 8 shares during the period. HL Financial Services LLC’s holdings in NVR were worth $3,080,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its position in NVR by 1.1% in the first quarter. TIAA CREF Investment Management LLC now owns 78,119 shares of the company’s stock valued at $135,333,000 after buying an additional 838 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in NVR by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 50,586 shares of the company’s stock valued at $87,635,000 after buying an additional 2,094 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in NVR by 11.9% in the first quarter. Canada Pension Plan Investment Board now owns 42,660 shares of the company’s stock valued at $73,904,000 after buying an additional 4,530 shares during the last quarter. Norges Bank bought a new position in NVR during the fourth quarter valued at approximately $56,845,000. Finally, JPMorgan Chase & Co. boosted its position in NVR by 159.9% in the first quarter. JPMorgan Chase & Co. now owns 30,111 shares of the company’s stock valued at $52,166,000 after buying an additional 18,525 shares during the last quarter. 81.96% of the stock is owned by institutional investors and hedge funds.
Shares of NVR Inc. (NYSE:NVR) traded up 0.31% during mid-day trading on Wednesday, reaching $1651.05. The company’s stock had a trading volume of 31,039 shares. The firm has a market capitalization of $6.43 billion, a PE ratio of 17.04 and a beta of 0.50. NVR Inc. has a 52 week low of $1,462.02 and a 52 week high of $1,845.37. The firm has a 50-day moving average of $1,684.05 and a 200-day moving average of $1,709.14.
NVR (NYSE:NVR) last issued its earnings results on Thursday, July 21st. The company reported $22.01 earnings per share for the quarter, missing the consensus estimate of $26.00 by $3.99. The firm earned $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. NVR had a return on equity of 32.00% and a net margin of 7.53%. Equities research analysts forecast that NVR Inc. will post $102.08 earnings per share for the current fiscal year.
NVR has been the subject of several analyst reports. Credit Suisse Group AG reissued a “sell” rating on shares of NVR in a research note on Tuesday, June 28th. Zacks Investment Research cut NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. NVR currently has a consensus rating of “Hold” and a consensus price target of $1,713.50.
In related news, Director Manuel H. Johnson sold 121 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $1,699.19, for a total value of $205,601.99. Following the transaction, the director now directly owns 400 shares of the company’s stock, valued at approximately $679,676. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William Grady Rosier sold 729 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $1,728.71, for a total value of $1,260,229.59. Following the completion of the transaction, the director now directly owns 4,153 shares in the company, valued at $7,179,332.63. The disclosure for this sale can be found here. 10.20% of the stock is owned by corporate insiders.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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