Tdam USA Inc. Sells 913 Shares of NVR, Inc. (NYSE:NVR)
Tdam USA Inc. decreased its position in shares of NVR, Inc. (NYSE:NVR) by 69.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 408 shares of the construction company’s stock after selling 913 shares during the period. Tdam USA Inc.’s holdings in NVR were worth $984,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of NVR during the first quarter valued at $238,000. Thrivent Financial For Lutherans increased its stake in shares of NVR by 8.3% in the first quarter. Thrivent Financial For Lutherans now owns 650 shares of the construction company’s stock valued at $1,369,000 after buying an additional 50 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of NVR during the first quarter valued at $158,000. Bank of Montreal Can increased its stake in shares of NVR by 11.3% in the first quarter. Bank of Montreal Can now owns 217 shares of the construction company’s stock valued at $457,000 after buying an additional 22 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock valued at $120,000 after buying an additional 53 shares in the last quarter. 77.85% of the stock is currently owned by institutional investors.
Shares of NVR, Inc. (NVR) opened at 2733.42 on Wednesday. The stock has a 50 day moving average of $2,526.59 and a 200 day moving average of $2,185.04. The stock has a market cap of $10.23 billion, a P/E ratio of 21.62 and a beta of 0.67. NVR, Inc. has a 52 week low of $1,478.04 and a 52 week high of $2,734.40.
NVR (NYSE:NVR) last announced its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating the consensus estimate of $28.63 by $6.56. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.57 billion. NVR had a net margin of 8.67% and a return on equity of 37.43%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $22.01 EPS. On average, analysts expect that NVR, Inc. will post $139.24 earnings per share for the current year.
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Several equities research analysts have recently weighed in on the stock. MKM Partners reissued a “neutral” rating and issued a $2,600.00 target price (up previously from $1,900.00) on shares of NVR in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Bank of America Corporation reissued a “buy” rating and issued a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $2,672.00.
In other news, Director Eddie Arthur Grier sold 325 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $2,283.55, for a total transaction of $742,153.75. Following the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $1,141,775. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan Williamson Ross purchased 30 shares of the stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average cost of $2,253.43 per share, for a total transaction of $67,602.90. Following the transaction, the director now owns 30 shares in the company, valued at approximately $67,602.90. The disclosure for this purchase can be found here. In the last three months, insiders have sold 7,161 shares of company stock worth $17,949,273. Corporate insiders own 11.30% 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’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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