Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,434 shares of the construction company’s stock after buying an additional 683 shares during the quarter. NVR accounts for approximately 1.0% of Kayne Anderson Rudnick Investment Management LLC’s holdings, making the stock its 22nd largest holding. Kayne Anderson Rudnick Investment Management LLC owned about 1.13% of NVR worth $102,292,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of NVR by 6.2% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 631 shares of the construction company’s stock valued at $1,123,000 after buying an additional 37 shares during the period. Synovus Financial Corp purchased a new stake in shares of NVR during the 2nd quarter valued at about $242,000. Chilton Investment Co. LLC purchased a new stake in shares of NVR during the 2nd quarter valued at about $477,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of NVR by 1.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 509 shares of the construction company’s stock valued at $1,227,000 after buying an additional 6 shares during the period. Finally, Westpac Banking Corp purchased a new stake in shares of NVR during the 2nd quarter valued at about $730,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

NVR, Inc. (NVR) traded down 0.46% during midday trading on Monday, reaching $2708.21. The company’s stock had a trading volume of 19,192 shares. The stock has a 50 day moving average of $2,661.86 and a 200 day moving average of $2,311.35. NVR, Inc. has a 52 week low of $1,478.04 and a 52 week high of $2,775.52. The firm has a market capitalization of $10.14 billion, a PE ratio of 21.42 and a beta of 0.66.

NVR (NYSE:NVR) last posted its quarterly earnings data 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 return on equity of 37.43% and a net margin of 8.67%. The business 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 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts predict that NVR, Inc. will post $139.24 earnings per share for the current fiscal year.

In related news, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $2,669.90, for a total transaction of $2,669,900.00. Following the completion of the transaction, the insider now owns 5,323 shares of the company’s stock, valued at approximately $14,211,877.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eddie Arthur Grier sold 165 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total value of $442,572.90. Following the transaction, the director now directly owns 340 shares of the company’s stock, valued at approximately $911,968.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,240 shares of company stock valued at $11,355,358 in the last three months. 11.30% of the stock is owned by insiders.

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Several brokerages recently commented on NVR. Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. MKM Partners reiterated a “neutral” rating and set a $2,600.00 target price (up from $1,900.00) on shares of NVR in a report on Tuesday, July 25th. Bank of America Corporation reiterated a “buy” rating and set a $2,690.00 target price (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price on the stock in a report on Wednesday, June 28th. Finally, ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $2,672.00.

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).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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