William Blair Investment Management LLC Has $7.96 Million Stake in NVR, Inc. (NVR)
William Blair Investment Management LLC boosted its position in NVR, Inc. (NYSE:NVR) by 25.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,300 shares of the construction company’s stock after buying an additional 673 shares during the period. William Blair Investment Management LLC owned about 0.09% of NVR worth $7,955,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Geneva Advisors LLC purchased a new position in shares of NVR during the first quarter worth approximately $379,000. Advisory Services Network LLC purchased a new position in shares of NVR during the first quarter worth approximately $805,000. Advisor Partners LLC purchased a new position in shares of NVR during the first quarter worth approximately $249,000. Wells Fargo & Company MN increased its position in shares of 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 during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of NVR during the first quarter worth approximately $297,000. Hedge funds and other institutional investors own 77.29% of the company’s stock.
Shares of NVR, Inc. (NYSE:NVR) opened at 2694.11 on Friday. NVR, Inc. has a 12 month low of $1,478.04 and a 12 month high of $2,775.52. The company has a 50-day moving average of $2,639.27 and a 200-day moving average of $2,283.17. The stock has a market capitalization of $10.08 billion, a PE ratio of 21.31 and a beta of 0.67.
NVR (NYSE:NVR) last released its earnings results on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $28.63 by $6.56. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. NVR had a net margin of 9.55% and a return on equity of 40.29%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $22.01 EPS. On average, equities research analysts expect that NVR, Inc. will post $139.24 EPS for the current fiscal year.
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A number of equities analysts recently commented on the stock. MKM Partners reiterated a “neutral” rating and set 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 reiterated a “buy” rating and set 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 upgraded 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $2,672.00.
In related news, Director Timothy M. Donahue sold 325 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $2,730.07, for a total transaction of $887,272.75. Following the completion of the transaction, the director now directly owns 843 shares in the company, valued at approximately $2,301,449.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey D. Martchek sold 1,000 shares of the company’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 transaction, the insider now owns 5,323 shares of the company’s stock, valued at $14,211,877.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,400 shares of company stock valued at $11,654,939. 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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