Janus Henderson Group PLC decreased its position in NVR, Inc. (NYSE:NVR) by 61.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,213 shares of the construction company’s stock after selling 17,900 shares during the period. Janus Henderson Group PLC owned 0.31% of NVR worth $27,705,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. boosted its position in NVR by 10.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,148 shares of the construction company’s stock worth $6,380,000 after acquiring an additional 198 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in NVR by 16.3% during the second quarter. Commonwealth Equity Services LLC now owns 1,187 shares of the construction company’s stock worth $3,526,000 after acquiring an additional 166 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in NVR by 5.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,457 shares of the construction company’s stock worth $37,002,000 after acquiring an additional 649 shares during the last quarter. Assetmark Inc. boosted its position in NVR by 50.2% during the second quarter. Assetmark Inc. now owns 344 shares of the construction company’s stock worth $1,022,000 after acquiring an additional 115 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in NVR during the second quarter worth about $1,485,000. Institutional investors and hedge funds own 78.74% of the company’s stock.
A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of NVR from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 20th. Wells Fargo & Co restated a “market perform” rating and set a $2,410.00 price target (down from $3,780.00) on shares of NVR in a research report on Friday, October 19th. Bank of America lowered 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 report on Thursday, October 18th. Finally, Zacks Investment Research upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $3,104.33.
In other NVR news, insider Jeffrey D. Martchek sold 1,699 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $2,482.93, for a total value of $4,218,498.07. Following the transaction, the insider now directly owns 4,774 shares in the company, valued at approximately $11,853,507.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Melquiades R. Martinez bought 60 shares of the firm’s stock in a transaction 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 directly owns 191 shares in the company, valued at $450,664.50. The disclosure for this purchase can be found here. Insiders sold a total of 26,163 shares of company stock worth $57,909,385 over the last quarter. 11.30% of the stock is currently owned by company insiders.
NYSE:NVR opened at $2,437.95 on Thursday. The company has a current ratio of 3.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.94 and a beta of 0.62. NVR, Inc. has a 1-year low of $2,040.71 and a 1-year high of $3,700.00.
NVR (NYSE:NVR) last posted its earnings results on Thursday, October 18th. The construction company reported $48.28 earnings per share for the quarter, missing the consensus estimate of $50.94 by ($2.66). The firm 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 business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $38.02 earnings per share. Equities analysts expect that NVR, Inc. will post 185.25 EPS for the current fiscal year.
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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.
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