Airain ltd acquired a new position in NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 480 shares of the construction company’s stock, valued at approximately $1,157,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in NVR during the first quarter worth approximately $238,000. Thrivent Financial For Lutherans increased its position in NVR by 8.3% in the first quarter. Thrivent Financial For Lutherans now owns 650 shares of the construction company’s stock worth $1,369,000 after buying an additional 50 shares during the period. Huntington National Bank increased its position in 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. Bank of Montreal Can increased its position in NVR by 11.3% in the first quarter. Bank of Montreal Can now owns 217 shares of the construction company’s stock worth $457,000 after buying an additional 22 shares during the period. Finally, SG Americas Securities LLC increased its position in NVR by 71.1% in the first quarter. SG Americas Securities LLC now owns 385 shares of the construction company’s stock worth $811,000 after buying an additional 160 shares during the period. Institutional investors own 79.76% of the company’s stock.

Shares of NVR, Inc. (NYSE:NVR) opened at 2708.21 on Friday. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 21.42 and a beta of 0.66. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,775.52. The stock has a 50 day moving average price of $2,661.86 and a 200-day moving average price of $2,311.35.

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 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 company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm earned $22.01 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that NVR, Inc. will post $139.24 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price for the company in a research note on Wednesday, June 28th. Bank of America Corporation reiterated 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. Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, MKM Partners reiterated 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $2,672.00.

In other NVR news, CFO Daniel David Malzahn sold 1,500 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $2,678.35, for a total value of $4,017,525.00. Following the completion of the sale, the chief financial officer now owns 4,225 shares of the company’s stock, valued at $11,316,028.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William Grady Rosier sold 1,250 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total value of $3,338,087.50. Following the completion of the sale, the director now directly owns 1,212 shares of the company’s stock, valued at approximately $3,236,609.64. The disclosure for this sale can be found here. Insiders sold 4,240 shares of company stock valued at $11,355,358 in the last ninety days. Insiders own 11.30% of the company’s stock.

About NVR

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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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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