NVR, Inc. (NVR) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC boosted its position in shares of NVR, Inc. (NYSE:NVR) by 68.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 647 shares of the construction company’s stock after buying an additional 262 shares during the period. SG Americas Securities LLC’s holdings in NVR were worth $1,560,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of NVR. 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 last quarter. 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 last quarter. Acrospire Investment Management LLC purchased a new stake in shares of NVR during the first quarter worth approximately $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 last quarter. Finally, IMS Capital Management purchased a new stake in shares of NVR during the first quarter worth approximately $209,000. 79.76% of the stock is owned by institutional investors and hedge funds.
NVR, Inc. (NYSE NVR) opened at 2645.36 on Wednesday. The firm has a market cap of $9.90 billion, a P/E ratio of 20.93 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 1-year low of $1,478.04 and a 1-year high of $2,775.52.
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, topping the consensus estimate of $28.63 by $6.56. NVR had a net margin of 8.67% and a return on equity of 37.43%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the company earned $22.01 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts anticipate that NVR, Inc. will post $139.24 earnings per share for the current fiscal year.
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A number of analysts recently commented on the company. Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. MKM Partners reaffirmed a “neutral” rating and issued a $2,600.00 target price (up from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Bank of America Corporation reaffirmed a “buy” rating and issued a $2,690.00 target price (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Zacks Investment Research raised NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price for the company in a research report on Wednesday, June 28th. Finally, ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Four analysts have rated the stock with a hold rating and three have assigned 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, Director Timothy M. Donahue sold 325 shares of the business’s stock in a transaction that occurred 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 owns 843 shares in the company, valued at approximately $2,301,449.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel David Malzahn sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $2,678.35, for a total transaction of $4,017,525.00. Following the transaction, the chief financial officer now owns 4,225 shares of the company’s stock, valued at approximately $11,316,028.75. The disclosure for this sale can be found here. Insiders sold a total of 4,075 shares of company stock valued at $10,912,785 in the last ninety days. 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).
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