NVR Inc. (NVR) Shares Sold by State of Wisconsin Investment Board
State of Wisconsin Investment Board cut its position in shares of NVR Inc. (NYSE:NVR) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,320 shares of the company’s stock after selling 50 shares during the period. State of Wisconsin Investment Board owned 0.06% of NVR worth $3,804,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Concert Wealth Management Inc. boosted its position in shares of NVR by 2.3% in the second quarter. Concert Wealth Management Inc. now owns 135 shares of the company’s stock worth $244,000 after buying an additional 3 shares during the last quarter. Shell Asset Management Co. boosted its position in shares of NVR by 1.5% in the second quarter. Shell Asset Management Co. now owns 273 shares of the company’s stock worth $486,000 after buying an additional 4 shares during the last quarter. Oakbrook Investments LLC boosted its position in shares of NVR by 1.4% in the second quarter. Oakbrook Investments LLC now owns 355 shares of the company’s stock worth $632,000 after buying an additional 5 shares during the last quarter. Creative Planning boosted its position in shares of NVR by 0.6% in the second quarter. Creative Planning now owns 805 shares of the company’s stock worth $1,433,000 after buying an additional 5 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of NVR by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 86 shares of the company’s stock worth $153,000 after buying an additional 6 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.
Shares of NVR Inc. (NYSE:NVR) traded down 0.37% on Monday, reaching $1595.00. The company had a trading volume of 23,214 shares. NVR Inc. has a one year low of $1,462.02 and a one year high of $1,845.37. The company’s 50-day moving average is $1,563.83 and its 200-day moving average is $1,667.52. The company has a market capitalization of $6.05 billion, a PE ratio of 16.25 and a beta of 0.51.
NVR (NYSE:NVR) last issued its earnings results on Thursday, October 20th. The company reported $28.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.46 by $1.00. NVR had a net margin of 7.36% and a return on equity of 31.70%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm earned $27.11 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts predict that NVR Inc. will post $99.23 earnings per share for the current year.
A number of brokerages have recently commented on NVR. Wells Fargo & Co. began coverage on NVR in a research note on Wednesday, September 28th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 21st. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $1,713.50.
In other news, Director David A. Preiser sold 600 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $1,504.33, for a total transaction of $902,598.00. Following the completion of the transaction, the director now directly owns 271 shares in the company, valued at approximately $407,673.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.20% of the company’s stock.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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