Royce & Associates LP Has $3.11 Million Position in NVR, Inc. (NVR)
Royce & Associates LP cut its position in shares of NVR, Inc. (NYSE:NVR) by 18.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,290 shares of the construction company’s stock after selling 300 shares during the quarter. Royce & Associates LP’s holdings in NVR were worth $3,110,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in NVR by 88.0% during the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after purchasing an additional 22 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in NVR by 14.8% during the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after purchasing an additional 9 shares during the last quarter. Everett Harris & Co. CA purchased a new position in NVR during the second quarter worth about $200,000. Moloney Securities Asset Management LLC purchased a new position in NVR during the second quarter worth about $224,000. Finally, Virginia Retirement Systems ET AL purchased a new position in NVR during the first quarter worth about $211,000. Institutional investors and hedge funds own 79.77% of the company’s stock.
NVR, Inc. (NYSE:NVR) opened at 2751.70 on Monday. The stock has a market capitalization of $10.30 billion, a PE ratio of 21.77 and a beta of 0.66. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,775.52. The firm has a 50-day moving average of $2,691.99 and a 200-day moving average of $2,334.93.
NVR (NYSE:NVR) last announced its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $28.63 by $6.56. The firm had revenue of $1.54 billion for 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 quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $22.01 EPS. Equities analysts expect that NVR, Inc. will post $139.24 EPS for the current fiscal year.
In other news, CFO Daniel David Malzahn sold 1,500 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 4,225 shares of the company’s stock, valued at approximately $11,316,028.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Grady Rosier sold 1,250 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 1,212 shares in the company, valued at approximately $3,236,609.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,240 shares of company stock worth $11,355,358. Insiders own 11.30% of the company’s stock.
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Several research analysts recently weighed in on the stock. MKM Partners restated a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Zacks Investment Research cut shares of NVR from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Zelman & Associates cut shares of NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Finally, Bank of America Corporation restated 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $2,672.00.
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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