NVR, Inc. (NVR) Position Trimmed by Martingale Asset Management L P
Martingale Asset Management L P trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 49.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,430 shares of the construction company’s stock after selling 2,370 shares during the period. Martingale Asset Management L P owned approximately 0.06% of NVR worth $5,858,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVR. US Bancorp DE grew its holdings in NVR by 88.0% during the 2nd quarter. US Bancorp DE now owns 47 shares of the construction company’s stock valued at $113,000 after purchasing an additional 22 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in NVR by 14.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock valued at $148,000 after purchasing an additional 9 shares in the last quarter. Everett Harris & Co. CA acquired a new stake in NVR during the 2nd quarter valued at $200,000. Virginia Retirement Systems ET AL acquired a new stake in NVR during the 1st quarter valued at $211,000. Finally, Coldstream Capital Management Inc. acquired a new stake in NVR during the 1st quarter valued at $211,000. 79.77% of the stock is owned by institutional investors and hedge funds.
NVR has been the subject of a number of recent analyst reports. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of NVR from a “hold” rating to a “buy” rating and set a $2,726.00 price target for the company in a report on Wednesday, June 28th. Bank of America Corporation reaffirmed a “buy” rating and set a $2,690.00 price target (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Finally, MKM Partners reiterated a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. NVR currently has an average rating of “Hold” and an average target price of $2,672.00.
NVR, Inc. (NYSE NVR) opened at 2799.61 on Wednesday. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,842.97. The company has a market capitalization of $10.48 billion, a P/E ratio of 22.15 and a beta of 0.66. The firm’s 50-day moving average is $2,696.86 and its 200-day moving average is $2,347.45.
NVR (NYSE:NVR) last announced its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm posted $22.01 earnings per share. NVR’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that NVR, Inc. will post $139.24 EPS for the current year.
In related news, Director Eddie Arthur Grier sold 165 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the transaction, the director now owns 340 shares of the company’s stock, valued at $911,968.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 5,323 shares in the company, valued at approximately $14,211,877.70. The disclosure for this sale can be found here. Insiders have sold 4,240 shares of company stock worth $11,355,358 in the last ninety days. 11.30% of the stock is currently owned by insiders.
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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