Vanguard Group Inc. Reduces Stake in NVR Inc. (NVR)
Vanguard Group Inc. decreased its position in NVR Inc. (NYSE:NVR) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 284,532 shares of the company’s stock after selling 3,860 shares during the period. Vanguard Group Inc. owned approximately 7.31% of NVR worth $506,563,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in NVR by 142.8% in the second quarter. Victory Capital Management Inc. now owns 59,876 shares of the company’s stock worth $106,599,000 after buying an additional 35,218 shares during the period. 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 worth $52,166,000 after buying an additional 18,525 shares during the period. Emerald Acquisition Ltd. purchased a new position in NVR during the second quarter worth approximately $32,154,000. Capital Analysts LLC boosted its position in NVR by 27,214.6% in the second quarter. Capital Analysts LLC now owns 13,111 shares of the company’s stock worth $1,168,000 after buying an additional 13,063 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in NVR by 214.2% in the second quarter. UBS Asset Management Americas Inc. now owns 16,404 shares of the company’s stock worth $29,205,000 after buying an additional 11,183 shares during the period. Institutional investors own 81.96% of the company’s stock.
Shares of NVR Inc. (NYSE:NVR) traded up 0.01% during mid-day trading on Monday, hitting $1640.00. The stock had a trading volume of 1,777 shares. The company’s 50 day moving average price is $1,673.19 and its 200 day moving average price is $1,708.53. NVR Inc. has a 12-month low of $1,462.02 and a 12-month high of $1,845.37. The stock has a market cap of $6.39 billion, a P/E ratio of 16.93 and a beta of 0.47.
NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, July 21st. The company reported $22.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $26.00 by $3.99. NVR had a return on equity of 32.00% and a net margin of 7.53%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Equities research analysts predict that NVR Inc. will post $102.14 EPS for the current fiscal year.
NVR has been the topic of a number of research reports. Zacks Investment Research cut NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Credit Suisse Group AG restated a “sell” rating on shares of NVR in a research note on Tuesday, July 12th. Finally, Wells Fargo & Co. initiated coverage on NVR in a research note on Wednesday, September 28th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. NVR has a consensus rating of “Hold” and a consensus target price of $1,713.50.
In other NVR news, Director Manuel H. Johnson sold 121 shares of NVR stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $1,699.19, for a total value of $205,601.99. Following the completion of the sale, the director now directly owns 400 shares of the company’s stock, valued at approximately $679,676. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Grady Rosier sold 729 shares of NVR stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $1,728.71, for a total transaction of $1,260,229.59. Following the completion of the sale, the director now directly owns 4,153 shares of the company’s stock, valued at $7,179,332.63. The disclosure for this sale can be found here. 10.20% of the stock is currently owned by company 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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