Mandatum Life Insurance Co Ltd maintained its stake in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,779 shares of the construction company’s stock at the end of the second quarter. NVR accounts for about 0.6% of Mandatum Life Insurance Co Ltd’s investment portfolio, making the stock its 14th largest position. Mandatum Life Insurance Co Ltd’s holdings in NVR were worth $4,288,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of NVR by 15,836.0% in the first quarter. BlackRock Inc. now owns 349,318 shares of the construction company’s stock worth $735,970,000 after buying an additional 347,126 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of NVR by 281.3% in the first quarter. Renaissance Technologies LLC now owns 29,930 shares of the construction company’s stock worth $63,059,000 after buying an additional 22,080 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in shares of NVR by 80.7% in the first quarter. Epoch Investment Partners Inc. now owns 39,387 shares of the construction company’s stock worth $82,984,000 after buying an additional 17,585 shares during the last quarter. Morgan Stanley raised its stake in shares of NVR by 144.8% in the first quarter. Morgan Stanley now owns 29,149 shares of the construction company’s stock worth $61,414,000 after buying an additional 17,243 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of NVR by 63,645.8% in the first quarter. Acadian Asset Management LLC now owns 15,299 shares of the construction company’s stock worth $32,235,000 after buying an additional 15,275 shares during the last quarter. 78.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NVR, Inc. (NVR) traded down 1.11% during mid-day trading on Tuesday, hitting $2508.60. The stock had a trading volume of 7,064 shares. The stock has a market cap of $9.40 billion, a P/E ratio of 22.19 and a beta of 0.65. The firm has a 50 day moving average price of $2,355.52 and a 200-day moving average price of $2,031.19. NVR, Inc. has a 12 month low of $1,478.04 and a 12 month high of $2,541.46.

NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, April 20th. The construction company reported $25.12 EPS for the quarter, beating the consensus estimate of $21.03 by $4.09. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. NVR had a return on equity of 34.48% and a net margin of 7.90%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $15.79 EPS. On average, equities research analysts forecast that NVR, Inc. will post $129.86 EPS for the current year.

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A number of analysts have recently commented on NVR shares. Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, Bank of America Corporation reissued a “buy” rating and set a $2,690.00 price target (up from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. NVR currently has an average rating of “Buy” and a consensus price target of $2,708.00.

In other news, Director Manuel H. Johnson sold 1,302 shares of the stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $2,092.71, for a total transaction of $2,724,708.42. Following the transaction, the director now directly owns 1,702 shares in the company, valued at approximately $3,561,792.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul C. Saville sold 3,884 shares of the stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $2,095.08, for a total value of $8,137,290.72. Following the transaction, the chief executive officer now owns 120,292 shares in the company, valued at $252,021,363.36. The disclosure for this sale can be found here. Insiders have sold a total of 18,257 shares of company stock worth $39,023,767 over the last quarter. Corporate insiders own 11.30% of the company’s stock.

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).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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