Nordea Investment Management AB Purchases Shares of 112 NVR, Inc. (NVR)
Nordea Investment Management AB purchased a new stake in NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 112 shares of the construction company’s stock, valued at approximately $270,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. US Bancorp DE grew its stake in shares of NVR by 88.0% in the 2nd quarter. US Bancorp DE now owns 47 shares of the construction company’s stock valued at $113,000 after buying an additional 22 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of NVR by 14.8% in the 1st 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 in the last quarter. Everett Harris & Co. CA bought a new stake in shares of NVR in the 2nd quarter valued at approximately $200,000. Virginia Retirement Systems ET AL bought a new stake in shares of NVR in the 1st quarter valued at approximately $211,000. Finally, Hikari Power Ltd bought a new stake in shares of NVR in the 2nd quarter valued at approximately $217,000. 79.72% of the stock is owned by institutional investors and hedge funds.
In other NVR news, insider Jeffrey D. Martchek sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $2,669.90, for a total value of $2,669,900.00. Following the completion of the transaction, the insider now directly owns 5,323 shares in the company, valued at $14,211,877.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eddie Arthur Grier sold 165 shares of the firm’s 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 value of $442,572.90. Following the completion of the transaction, the director now owns 340 shares of the company’s stock, valued at $911,968.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,240 shares of company stock valued at $11,355,358. Corporate insiders own 11.30% of the company’s stock.
Several brokerages recently commented on NVR. Zacks Investment Research cut NVR from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. MKM Partners reissued a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. Finally, Bank of America Corporation reissued 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $2,645.00.
Shares of NVR, Inc. (NYSE NVR) opened at 2923.15 on Thursday. The company has a 50-day moving average price of $2,792.67 and a 200 day moving average price of $2,477.68. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 23.13 and a beta of 0.67. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $2,949.50.
NVR (NYSE:NVR) last posted its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $28.63 by $6.56. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.57 billion. NVR had a return on equity of 37.43% and a net margin of 8.67%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $22.01 earnings per share. Equities research analysts expect that NVR, Inc. will post $139.24 earnings per share for the current fiscal year.
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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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