Arizona State Retirement System increased its stake in shares of NVR, Inc. (NYSE:NVR) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,436 shares of the construction company’s stock after buying an additional 36 shares during the period. Arizona State Retirement System’s holdings in NVR were worth $3,462,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Advisor Partners LLC raised its stake in shares of NVR by 3.4% in the second quarter. Advisor Partners LLC now owns 122 shares of the construction company’s stock valued at $294,000 after buying an additional 4 shares during the last quarter. Argent Capital Management LLC raised its stake in shares of NVR by 2.3% in the first quarter. Argent Capital Management LLC now owns 268 shares of the construction company’s stock valued at $565,000 after buying an additional 6 shares during the last quarter. Tdam USA Inc. raised its stake in shares of NVR by 0.5% in the first quarter. Tdam USA Inc. now owns 1,321 shares of the construction company’s stock valued at $2,783,000 after buying an additional 7 shares during the last quarter. Keybank National Association OH raised its stake in shares of NVR by 4.1% in the first quarter. Keybank National Association OH now owns 179 shares of the construction company’s stock valued at $377,000 after buying an additional 7 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake 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 valued at $148,000 after buying an additional 9 shares during the last quarter. Institutional investors and hedge funds own 77.29% of the company’s stock.

NVR, Inc. (NYSE:NVR) opened at 2760.18 on Thursday. The stock has a market capitalization of $10.33 billion, a P/E ratio of 21.84 and a beta of 0.67. The firm’s 50 day moving average is $2,587.85 and its 200 day moving average is $2,244.30. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,767.30.

NVR (NYSE:NVR) last released its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, topping analysts’ consensus estimates of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm posted $22.01 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that NVR, Inc. will post $139.24 earnings per share for the current year.

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Several research analysts have commented on NVR shares. 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 research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Finally, 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 research note on Wednesday, June 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. NVR has a consensus rating of “Hold” and an average price target of $2,672.00.

In other NVR news, insider Jeffrey D. Martchek sold 1,000 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $2,352.35, for a total value of $2,352,350.00. Following the sale, the insider now owns 5,323 shares in the company, valued at $12,521,559.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy M. Donahue sold 325 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $2,730.07, for a total value of $887,272.75. Following the completion of the sale, the director now owns 843 shares in the company, valued at approximately $2,301,449.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,486 shares of company stock worth $18,836,546. Insiders own 11.30% 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’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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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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