Acrospire Investment Management LLC Maintains Stake in NVR, Inc. (NVR)
Acrospire Investment Management LLC maintained its position in NVR, Inc. (NYSE:NVR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59 shares of the construction company’s stock at the end of the second quarter. Acrospire Investment Management LLC’s holdings in NVR were worth $142,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of NVR. Bank of Montreal Can raised its stake in NVR by 11.3% during the first quarter. Bank of Montreal Can now owns 217 shares of the construction company’s stock worth $457,000 after purchasing an additional 22 shares during the period. First Trust Advisors LP raised its stake in NVR by 36.2% during the first quarter. First Trust Advisors LP now owns 2,400 shares of the construction company’s stock worth $5,057,000 after purchasing an additional 638 shares during the period. American Century Companies Inc. purchased a new position in NVR during the first quarter worth approximately $565,000. World Asset Management Inc raised its stake in NVR by 12.7% during the first quarter. World Asset Management Inc now owns 266 shares of the construction company’s stock worth $560,000 after purchasing an additional 30 shares during the period. Finally, Karp Capital Management Corp purchased a new position in NVR during the first quarter worth approximately $3,641,000. 79.72% of the stock is currently owned by institutional investors.
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A number of brokerages have recently commented on NVR. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. MKM Partners reissued a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. 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 reissued 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. Finally, Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. NVR currently has a consensus rating of “Hold” and an average target price of $2,672.00.
Shares of NVR, Inc. (NYSE NVR) traded up 0.37% during trading on Tuesday, hitting $2804.89. 1,754 shares of the stock were exchanged. The stock has a market cap of $10.50 billion, a price-to-earnings ratio of 22.19 and a beta of 0.66. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $2,842.97. The stock’s 50 day moving average is $2,714.83 and its 200-day moving average is $2,377.59.
NVR (NYSE:NVR) last issued its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company earned $22.01 earnings per share. NVR’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts anticipate that NVR, Inc. will post $139.24 EPS for the current year.
In related news, 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 completion of the transaction, the insider now directly owns 5,323 shares in the company, valued at approximately $14,211,877.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction, the director now owns 843 shares of the company’s stock, valued at $2,301,449.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,240 shares of company stock valued at $11,355,358. 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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