BNP Paribas Arbitrage SA Has $4.31 Million Stake in NVR, Inc. (NVR)
BNP Paribas Arbitrage SA increased its position in NVR, Inc. (NYSE:NVR) by 83.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,787 shares of the construction company’s stock after buying an additional 814 shares during the period. BNP Paribas Arbitrage SA’s holdings in NVR were worth $4,308,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Geneva Advisors LLC bought a new stake in NVR during the first quarter worth $379,000. Advisory Services Network LLC bought a new stake in NVR during the first quarter worth $805,000. Advisor Partners LLC bought a new stake in NVR during the first quarter worth $249,000. Wells Fargo & Company MN raised its stake in NVR by 5.6% in the first quarter. Wells Fargo & Company MN now owns 11,834 shares of the construction company’s stock worth $24,933,000 after buying an additional 628 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in NVR during the first quarter worth $297,000. Institutional investors own 77.29% of the company’s stock.
Shares of NVR, Inc. (NVR) opened at 2694.11 on Friday. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 21.31 and a beta of 0.67. The firm’s 50-day moving average price is $2,639.27 and its 200-day moving average price is $2,283.17. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $2,775.52.
NVR (NYSE:NVR) last released its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $28.63 by $6.56. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.57 billion. NVR had a net margin of 9.55% and a return on equity of 40.29%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $22.01 EPS. On average, analysts forecast that NVR, Inc. will post $139.24 EPS for the current fiscal year.
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A number of research firms have weighed in on NVR. MKM Partners restated a “neutral” rating and set a $2,600.00 target price (up previously from $1,900.00) on shares of NVR in a report on Tuesday, July 25th. Zacks Investment Research lowered NVR from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Bank of America Corporation restated a “buy” rating and set a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Finally, Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $2,672.00.
In related news, insider Jeffrey D. Martchek sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,669.90, for a total transaction of $2,669,900.00. Following the completion of the sale, the insider now directly owns 5,323 shares of the company’s stock, valued at approximately $14,211,877.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William Grady Rosier sold 1,250 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the sale, the director now directly owns 1,212 shares of the company’s stock, valued at $3,236,609.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,400 shares of company stock valued at $11,654,939. Company 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).
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