Teachers Advisors LLC Reduces Position in NVR, Inc. (NVR)
Teachers Advisors LLC lowered its holdings in NVR, Inc. (NYSE:NVR) by 19.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,947 shares of the construction company’s stock after selling 2,874 shares during the period. Teachers Advisors LLC owned approximately 0.32% of NVR worth $28,800,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. US Bancorp DE grew its holdings in shares of NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock valued at $113,000 after purchasing an additional 22 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings 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 purchasing an additional 9 shares in the last quarter. Everett Harris & Co. CA acquired a new position in shares of NVR in the second quarter valued at approximately $200,000. Virginia Retirement Systems ET AL acquired a new position in shares of NVR in the first quarter valued at approximately $211,000. Finally, Hikari Power Ltd acquired a new position in shares of NVR in the second quarter valued at approximately $217,000. Hedge funds and other institutional investors own 79.72% of the company’s stock.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Bank of America Corporation reiterated a “buy” rating and issued a $2,690.00 price target (up previously from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. MKM Partners reiterated a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. Finally, Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average 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 that occurred on Tuesday, July 25th. The shares were sold at an average price of $2,669.90, for a total value of $2,669,900.00. Following the completion of the sale, the insider now owns 5,323 shares of the company’s stock, valued at $14,211,877.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eddie Arthur Grier sold 165 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the completion of the sale, the director now directly owns 340 shares of the company’s stock, valued at approximately $911,968.40. The disclosure for this sale can be found here. Insiders sold 4,240 shares of company stock valued at $11,355,358 in the last ninety days. 11.30% of the stock is owned by corporate insiders.
NVR, Inc. (NYSE:NVR) opened at 2795.44 on Thursday. NVR, Inc. has a 52 week low of $1,478.04 and a 52 week high of $2,863.27. The stock has a market cap of $10.46 billion, a P/E ratio of 22.11 and a beta of 0.66. The company has a 50-day moving average of $2,721.28 and a 200-day moving average of $2,383.89.
NVR (NYSE:NVR) last issued its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $28.63 by $6.56. NVR had a net margin of 8.67% and a return on equity of 37.43%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the company earned $22.01 earnings per share. NVR’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict that NVR, Inc. will post $139.24 EPS for the current fiscal year.
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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