Great West Life Assurance Co. Can Boosts Stake in NVR, Inc. (NVR)
Great West Life Assurance Co. Can raised its position in NVR, Inc. (NYSE:NVR) by 26.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,394 shares of the construction company’s stock after buying an additional 911 shares during the period. Great West Life Assurance Co. Can’s holdings in NVR were worth $10,512,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. US Bancorp DE raised its position in shares of NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after buying an additional 22 shares in the last quarter. Huntington National Bank raised its position in shares of NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock worth $120,000 after buying an additional 53 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of NVR during the first quarter worth $124,000. PNC Financial Services Group Inc. raised its position in shares of NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after buying an additional 9 shares in the last quarter. Finally, James Investment Research Inc. acquired a new position in shares of NVR during the first quarter worth $158,000. Hedge funds and other institutional investors own 77.85% of the company’s stock.
NVR, Inc. (NVR) opened at 2741.03 on Thursday. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 21.68 and a beta of 0.67. The firm’s 50-day moving average is $2,548.88 and its 200-day moving average is $2,211.24. NVR, Inc. has a 12 month low of $1,478.04 and a 12 month high of $2,748.57.
NVR (NYSE:NVR) last announced its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $28.63 by $6.56. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.57 billion. NVR had a return on equity of 37.43% and a net margin of 8.67%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $22.01 EPS. On average, analysts anticipate that NVR, Inc. will post $139.24 EPS for the current fiscal year.
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NVR has been the subject of a number of research reports. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price for the company in a research report on Wednesday, June 28th. Bank of America Corporation reiterated a “buy” rating and set a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Zelman & Associates lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Finally, MKM Partners reiterated a “neutral” rating and set a $2,600.00 target price (up previously from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. NVR presently has an average rating of “Hold” and an average target price of $2,672.00.
In related news, Director William Grady Rosier sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the completion of the transaction, the director now directly owns 1,212 shares in the company, valued at approximately $3,236,609.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Paul C. Saville sold 2,086 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $2,315.08, for a total value of $4,829,256.88. Following the transaction, the chief executive officer now owns 118,066 shares of the company’s stock, valued at $273,332,235.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,161 shares of company stock valued at $17,949,273. 11.30% of the stock is currently owned by corporate insiders.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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