State Street Corp grew its holdings in NVR, Inc. (NYSE:NVR) by 17.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 139,294 shares of the construction company’s stock after purchasing an additional 20,928 shares during the quarter. State Street Corp owned about 3.72% of NVR worth $335,772,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of NVR. Stifel Financial Corp boosted its stake in NVR by 8.7% in the first quarter. Stifel Financial Corp now owns 412 shares of the construction company’s stock worth $851,000 after purchasing an additional 33 shares in the last quarter. SG Americas Securities LLC boosted its stake in NVR by 71.1% in the first quarter. SG Americas Securities LLC now owns 385 shares of the construction company’s stock worth $811,000 after purchasing an additional 160 shares in the last quarter. Clinton Group Inc. acquired a new position in NVR in the first quarter worth $225,000. Alliancebernstein L.P. boosted its stake in NVR by 1.3% in the first quarter. Alliancebernstein L.P. now owns 2,894 shares of the construction company’s stock worth $6,097,000 after purchasing an additional 37 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in NVR by 0.6% in the first quarter. Teachers Advisors LLC now owns 14,821 shares of the construction company’s stock worth $31,226,000 after purchasing an additional 85 shares in the last quarter. 79.72% of the stock is currently owned by institutional investors.
In related news, insider Jeffrey D. Martchek sold 1,000 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel David Malzahn sold 1,500 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total value of $4,017,525.00. Following the sale, the chief financial officer now directly owns 4,225 shares in the company, valued at approximately $11,316,028.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,240 shares of company stock worth $11,355,358. Corporate insiders own 11.30% of the company’s stock.
A number of equities analysts have commented on NVR shares. Bank of America Corporation reissued a “buy” rating and issued a $2,690.00 price objective (up previously from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. 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, Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $2,645.00.
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NVR, Inc. (NVR) opened at 2939.91 on Friday. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of 23.26 and a beta of 0.67. NVR, Inc. has a 52 week low of $1,478.04 and a 52 week high of $2,968.97. The stock’s 50 day moving average price is $2,810.09 and its 200 day moving average price is $2,490.21.
NVR (NYSE:NVR) last issued its quarterly earnings results 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 return on equity of 37.43% and a net margin of 8.67%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the company posted $22.01 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities research analysts predict that NVR, Inc. will post $139.24 EPS for the current year.
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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