NVR, Inc. (NVR) Shares Bought by CCM Investment Advisers LLC
CCM Investment Advisers LLC boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 3,916 shares of the construction company’s stock after buying an additional 50 shares during the period. NVR comprises approximately 1.8% of CCM Investment Advisers LLC’s investment portfolio, making the stock its 29th largest position. CCM Investment Advisers LLC’s holdings in NVR were worth $9,439,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in NVR by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 14,736 shares of the construction company’s stock valued at $24,594,000 after buying an additional 621 shares during the last quarter. Bank of Montreal Can boosted its position in NVR by 11.3% in the first quarter. Bank of Montreal Can now owns 217 shares of the construction company’s stock valued at $457,000 after buying an additional 22 shares during the last quarter. Alpha Windward LLC purchased a new position in NVR during the first quarter valued at $506,000. Cim LLC boosted its position in NVR by 6.1% in the first quarter. Cim LLC now owns 278 shares of the construction company’s stock valued at $586,000 after buying an additional 16 shares during the last quarter. Finally, Huntington National Bank boosted its position in NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock valued at $120,000 after buying an additional 53 shares during the last quarter. 77.85% of the stock is currently owned by hedge funds and other institutional investors.
NVR, Inc. (NVR) opened at 2705.70 on Friday. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $2,748.57. The company has a market capitalization of $10.13 billion, a PE ratio of 21.41 and a beta of 0.67. The stock’s 50 day moving average price is $2,561.19 and its 200 day moving average price is $2,221.87.
NVR (NYSE:NVR) last posted its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $28.63 by $6.56. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.57 billion. NVR had a net margin of 8.67% and a return on equity of 37.43%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $22.01 earnings per share. On average, equities analysts anticipate that NVR, Inc. will post $139.24 EPS for the current fiscal year.
NVR has been the topic of several research analyst reports. Zacks Investment Research cut NVR from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Zelman & Associates cut NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Bank of America Corporation reissued a “buy” rating and set a $2,690.00 price target (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Finally, MKM Partners reissued a “neutral” rating and set a $2,600.00 price target (up from $1,900.00) on shares of NVR in a report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2,672.00.
In related news, CFO Daniel David Malzahn sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total transaction of $4,017,525.00. Following the completion of the transaction, the chief financial officer now directly owns 4,225 shares in the company, valued at $11,316,028.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Grady Rosier sold 1,250 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the transaction, the director now owns 1,212 shares of the company’s stock, valued at $3,236,609.64. The disclosure for this sale can be found here. Insiders have sold 7,161 shares of company stock valued at $17,949,273 over the last 90 days. 11.30% of the stock is currently owned by 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).
Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR).
Receive News & Ratings for NVR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.