LMR Partners LLP Has $372,000 Stake in NVR Inc. (NVR)
LMR Partners LLP cut its position in shares of NVR Inc. (NYSE:NVR) by 91.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 209 shares of the company’s stock after selling 2,165 shares during the period. LMR Partners LLP’s holdings in NVR were worth $372,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of NVR. Aperio Group LLC boosted its stake in shares of NVR by 17.7% in the first quarter. Aperio Group LLC now owns 1,259 shares of the company’s stock worth $2,181,000 after buying an additional 189 shares during the last quarter. BlackRock Inc. boosted its stake in shares of NVR by 3.2% in the first quarter. BlackRock Inc. now owns 2,022 shares of the company’s stock worth $3,502,000 after buying an additional 62 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of NVR by 2.8% in the first quarter. BlackRock Group LTD now owns 11,690 shares of the company’s stock worth $20,251,000 after buying an additional 314 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 last quarter. Finally, Acrospire Investment Management LLC acquired a new stake in shares of NVR during the first quarter worth approximately $104,000. 81.96% of the stock is currently owned by hedge funds and other institutional investors.
NVR Inc. (NYSE:NVR) traded down 0.55% during midday trading on Thursday, hitting $1607.83. 21,496 shares of the company’s stock traded hands. NVR Inc. has a 52 week low of $1,462.02 and a 52 week high of $1,845.37. The company has a market capitalization of $6.26 billion, a PE ratio of 16.60 and a beta of 0.47. The company has a 50 day moving average of $1,658.09 and a 200-day moving average of $1,703.51.
NVR (NYSE:NVR) last announced its quarterly earnings results on Thursday, July 21st. The company reported $22.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $26.00 by $3.99. NVR had a net margin of 7.53% and a return on equity of 32.00%. The firm 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 earnings per share for the current year.
NVR has been the topic of several analyst reports. Credit Suisse Group AG reaffirmed a “sell” rating on shares of NVR in a research note on Tuesday, June 28th. Zacks Investment Research cut shares of NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Finally, Wells Fargo & Co. initiated coverage on shares of 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 issued a hold rating to the stock. NVR presently has an average rating of “Hold” and a consensus price target of $1,713.50.
In related news, Director William Grady Rosier sold 729 shares of NVR stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $1,728.71, for a total transaction of $1,260,229.59. Following the sale, the director now directly owns 4,153 shares in the company, valued at $7,179,332.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Manuel H. Johnson sold 121 shares of NVR stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $1,699.19, for a total transaction of $205,601.99. Following the sale, the director now owns 400 shares in the company, valued at $679,676. The disclosure for this sale can be found here. Corporate insiders own 10.20% of the company’s stock.
NVR Company Profile
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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