Profund Advisors LLC Lowers Stake in NVR, Inc. (NVR)
Profund Advisors LLC reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 23.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 642 shares of the construction company’s stock after selling 199 shares during the period. Profund Advisors LLC’s holdings in NVR were worth $1,548,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of 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 buying an additional 22 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of 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 buying an additional 9 shares during the period. Everett Harris & Co. CA acquired a new stake in shares of NVR during the second quarter worth $200,000. Hikari Power Ltd acquired a new stake in shares of NVR during the second quarter worth $217,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in shares of NVR during the second quarter worth $224,000. Institutional investors and hedge funds own 79.72% of the company’s stock.
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NVR, Inc. (NYSE NVR) opened at 2805.50 on Tuesday. The stock has a market cap of $10.50 billion, a PE ratio of 22.19 and a beta of 0.66. The company’s 50 day moving average is $2,714.83 and its 200 day moving average is $2,377.59. NVR, Inc. has a one year low of $1,478.04 and a one year high of $2,842.97.
NVR (NYSE:NVR) last issued its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $28.63 by $6.56. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. NVR had a net margin of 8.67% and a return on equity of 37.43%. NVR’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $22.01 EPS. On average, equities research analysts expect that NVR, Inc. will post $139.24 EPS for the current year.
In related news, CFO Daniel David Malzahn sold 1,500 shares of the 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 sale, the chief financial officer now owns 4,225 shares in the company, valued at approximately $11,316,028.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey D. Martchek sold 1,000 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,669.90, for a total transaction of $2,669,900.00. Following the sale, the insider now owns 5,323 shares of the company’s stock, valued at approximately $14,211,877.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,240 shares of company stock valued at $11,355,358. 11.30% of the stock is owned by company insiders.
Several equities research analysts have recently commented on the stock. MKM Partners reiterated a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “buy” rating and set a $2,726.00 price objective for the company in a research note on Wednesday, June 28th. Bank of America Corporation reiterated a “buy” rating and set a $2,690.00 price objective (up from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. Finally, Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price 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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