NVR, Inc. (NVR) Shares Bought by Raymond James Financial Services Advisors Inc.
Raymond James Financial Services Advisors Inc. raised its stake in NVR, Inc. (NYSE:NVR) by 10.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,125 shares of the construction company’s stock after purchasing an additional 104 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in NVR were worth $2,712,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of NVR in the 1st quarter valued at $238,000. Thrivent Financial For Lutherans boosted its holdings in shares of NVR by 8.3% in the 1st quarter. Thrivent Financial For Lutherans now owns 650 shares of the construction company’s stock valued at $1,369,000 after purchasing an additional 50 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of NVR by 16.0% in the 2nd quarter. Prudential Financial Inc. now owns 40,440 shares of the construction company’s stock valued at $97,485,000 after purchasing an additional 5,580 shares during the last quarter. Birinyi Associates Inc. acquired a new position in shares of NVR in the 2nd quarter valued at $1,005,000. Finally, Andra AP fonden acquired a new position in shares of NVR in the 2nd quarter valued at $4,797,000. Institutional investors own 79.70% of the company’s stock.
NVR, Inc. (NYSE NVR) opened at 2945.56 on Tuesday. The company’s 50 day moving average is $2,810.09 and its 200 day moving average is $2,493.24. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $2,968.97. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 23.30 and a beta of 0.66.
NVR (NYSE:NVR) last announced its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business posted $22.01 EPS. NVR’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts anticipate that NVR, Inc. will post $139.16 earnings per share for the current year.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. MKM Partners reiterated a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Bank of America Corporation restated a “buy” rating and set a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $2,645.00.
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In other news, insider Jeffrey D. Martchek sold 1,000 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,669.90, for a total transaction of $2,669,900.00. Following the transaction, the insider now owns 5,323 shares in the company, valued at approximately $14,211,877.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Grady Rosier sold 1,250 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the transaction, the director now 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 90 days, insiders have sold 4,240 shares of company stock worth $11,355,358. 11.30% of the stock is currently owned by company insiders.
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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