Brown Advisory Inc. Has $378,000 Stake in NVR Inc. (NVR)
Brown Advisory Inc. increased its stake in NVR Inc. (NYSE:NVR) by 6.5% during the second quarter, Holdings Channel reports. The firm owned 213 shares of the company’s stock after buying an additional 13 shares during the period. Brown Advisory Inc.’s holdings in NVR were worth $378,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in NVR. Teacher Retirement System of Texas increased its stake in NVR by 177.7% in the second quarter. Teacher Retirement System of Texas now owns 4,979 shares of the company’s stock valued at $8,864,000 after buying an additional 3,186 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in NVR by 2.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 39,637 shares of the company’s stock valued at $70,568,000 after buying an additional 994 shares during the period. Coldstream Capital Management Inc. bought a new stake in NVR during the second quarter valued at approximately $214,000. Victory Capital Management Inc. increased its stake in NVR by 142.8% in the second quarter. Victory Capital Management Inc. now owns 59,876 shares of the company’s stock valued at $106,599,000 after buying an additional 35,218 shares during the period. Finally, Wesbanco Bank Inc. increased its stake in NVR by 30.6% in the second quarter. Wesbanco Bank Inc. now owns 205 shares of the company’s stock valued at $365,000 after buying an additional 48 shares during the period. 81.96% of the stock is currently owned by institutional investors and hedge funds.
NVR Inc. (NYSE:NVR) traded down 0.94% on Tuesday, reaching $1625.31. The company’s stock had a trading volume of 4,434 shares. The firm’s 50 day moving average price is $1,671.53 and its 200-day moving average price is $1,708.50. NVR Inc. has a 1-year low of $1,462.02 and a 1-year high of $1,845.37. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 16.78 and a beta of 0.47.
NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, July 21st. The company reported $22.01 EPS for the quarter, missing the consensus estimate of $26.00 by $3.99. The firm had revenue of $1.39 billion for 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 analysts forecast that NVR Inc. will post $102.14 earnings per share for the current year.
Several research firms have commented on NVR. Wells Fargo & Co. began coverage on NVR in a report on Wednesday, September 28th. They issued a “market perform” rating on the stock. Zacks Investment Research raised NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 21st. Finally, Credit Suisse Group AG reaffirmed a “sell” rating on shares of NVR in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $1,713.50.
In other news, Director Manuel H. Johnson sold 121 shares of NVR 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 in the company, valued at approximately $679,676. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Grady Rosier sold 729 shares of NVR stock in a transaction on Monday, July 25th. The shares were 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 owns 4,153 shares in the company, valued at $7,179,332.63. The disclosure for this sale can be found here. Company insiders own 10.20% of the company’s stock.
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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