NVR, Inc. (NVR) Position Held by Alpine Woods Capital Investors LLC
Alpine Woods Capital Investors LLC continued to hold its stake in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 940 shares of the construction company’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in NVR were worth $2,266,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of the company. US Bancorp DE raised its stake in shares of NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after buying an additional 22 shares during the period. Huntington National Bank raised 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 worth $120,000 after buying an additional 53 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of NVR during the first quarter worth about $124,000. PNC Financial Services Group Inc. raised its stake in shares of NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after buying an additional 9 shares during the period. Finally, James Investment Research Inc. acquired a new stake in shares of NVR during the first quarter worth about $158,000. Institutional investors own 77.29% of the company’s stock.
NVR, Inc. (NVR) opened at 2742.09 on Tuesday. NVR, Inc. has a one year low of $1,478.04 and a one year high of $2,767.30. The firm has a market capitalization of $10.26 billion, a P/E ratio of 21.69 and a beta of 0.67. The company has a 50-day moving average price of $2,570.21 and a 200-day moving average price of $2,234.22.
NVR (NYSE:NVR) last issued its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating analysts’ consensus estimates of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm earned $22.01 EPS. NVR’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that NVR, Inc. will post $139.24 EPS for the current year.
A number of equities analysts have recently commented on the company. MKM Partners reissued a “neutral” rating and set a $2,600.00 price objective (up from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Zacks Investment Research raised NVR from a “hold” rating to a “buy” rating and set a $2,726.00 price objective for the company in a research report on Wednesday, June 28th. Finally, Bank of America Corporation reissued a “buy” rating and set a $2,690.00 price objective (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $2,672.00.
In other NVR news, insider Jeffrey D. Martchek sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $2,352.35, for a total transaction of $2,352,350.00. Following the completion of the sale, the insider now owns 5,323 shares in the company, valued at approximately $12,521,559.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Susan Williamson Ross acquired 30 shares of the stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of $2,253.43 per share, with a total value of $67,602.90. Following the purchase, the director now owns 30 shares in the company, valued at $67,602.90. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 7,161 shares of company stock valued at $17,949,273. 11.30% of the stock is owned by insiders.
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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