Robeco Institutional Asset Management B.V. cut its position in shares of NVR, Inc. (NYSE:NVR) by 93.1% during the third quarter, HoldingsChannel.com reports. The firm owned 551 shares of the construction company’s stock after selling 7,404 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in NVR were worth $1,361,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Millennium Management LLC raised its stake in shares of NVR by 2.0% in the 1st quarter. Millennium Management LLC now owns 2,110 shares of the construction company’s stock valued at $5,908,000 after acquiring an additional 41 shares during the period. IFM Investors Pty Ltd raised its stake in shares of NVR by 43.9% in the 2nd quarter. IFM Investors Pty Ltd now owns 164 shares of the construction company’s stock valued at $487,000 after acquiring an additional 50 shares during the period. State of Alaska Department of Revenue raised its stake in shares of NVR by 113.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 640 shares of the construction company’s stock valued at $1,900,000 after acquiring an additional 340 shares during the period. Xact Kapitalforvaltning AB raised its stake in shares of NVR by 6.9% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 882 shares of the construction company’s stock valued at $2,620,000 after acquiring an additional 57 shares during the period. Finally, Manning & Napier Group LLC purchased a new stake in shares of NVR in the 2nd quarter valued at approximately $730,000. 77.52% of the stock is currently owned by institutional investors.
Shares of NVR stock opened at $2,339.89 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 3.74 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $8.16 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 0.87 and a beta of 0.62. NVR, Inc. has a fifty-two week low of $2,040.71 and a fifty-two week high of $3,700.00.
NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, October 18th. The construction company reported $48.28 earnings per share for the quarter, missing analysts’ consensus estimates of $50.94 by ($2.66). The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. NVR had a net margin of 10.10% and a return on equity of 47.30%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $38.02 EPS. As a group, research analysts predict that NVR, Inc. will post 185.25 EPS for the current year.
NVR declared that its Board of Directors has authorized a share repurchase plan on Wednesday, August 1st that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to buy up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
NVR has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Bank of America downgraded shares of NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 price target on the stock. in a research note on Thursday, October 18th. ValuEngine downgraded shares of NVR from a “sell” rating to a “strong sell” rating in a research note on Friday, September 28th. Wells Fargo & Co reissued a “market perform” rating and issued a $2,410.00 price target (down from $3,780.00) on shares of NVR in a research note on Friday, October 19th. Finally, MKM Partners reduced their price target on shares of NVR to $3,100.00 and set a “neutral” rating on the stock in a research note on Friday, August 3rd. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $3,104.33.
In other NVR news, Director Melquiades R. Martinez acquired 60 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was purchased at an average price of $2,359.50 per share, for a total transaction of $141,570.00. Following the completion of the acquisition, the director now owns 191 shares of the company’s stock, valued at approximately $450,664.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert W. Henley sold 14,850 shares of NVR stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $2,145.61, for a total transaction of $31,862,308.50. Following the completion of the transaction, the insider now owns 4,500 shares of the company’s stock, valued at approximately $9,655,245. The disclosure for this sale can be found here. Insiders sold 22,053 shares of company stock valued at $48,606,919 in the last 90 days. Company insiders own 12.00% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Robeco Institutional Asset Management B.V. Has $1.36 Million Holdings in NVR, Inc. (NVR)” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/11/07/robeco-institutional-asset-management-b-v-has-1-36-million-holdings-in-nvr-inc-nvr.html.
NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.
Featured Story: Cash Flow Analysis in Stock Selection
Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR).
Receive News & Ratings for NVR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR and related companies with MarketBeat.com's FREE daily email newsletter.