Bridgewater Associates LP Acquires New Holdings in NVR, Inc. (NVR)
Bridgewater Associates LP acquired a new position in NVR, Inc. (NYSE:NVR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 99 shares of the construction company’s stock, valued at approximately $239,000.
Other large investors also recently modified their holdings of the company. US Bancorp DE increased its holdings in shares of NVR by 88.0% during the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock valued at $113,000 after acquiring an additional 22 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of NVR by 14.8% during the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock valued at $148,000 after acquiring an additional 9 shares in the last quarter. Everett Harris & Co. CA bought a new position in shares of NVR during the second quarter valued at $200,000. Virginia Retirement Systems ET AL bought a new position in shares of NVR during the first quarter valued at $211,000. Finally, Hikari Power Ltd bought a new position in shares of NVR during the second quarter valued at $217,000. Hedge funds and other institutional investors own 79.72% of the company’s stock.
NVR, Inc. (NVR) opened at 2794.55 on Tuesday. NVR, Inc. has a one year low of $1,478.04 and a one year high of $2,842.97. The company has a market capitalization of $10.46 billion, a P/E ratio of 22.11 and a beta of 0.66. The stock’s 50 day moving average price is $2,714.83 and its 200 day moving average price is $2,377.59.
NVR (NYSE:NVR) last released its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $28.63 by $6.56. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.57 billion. NVR had a return on equity of 37.43% and a net margin of 8.67%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $22.01 EPS. Equities analysts anticipate that NVR, Inc. will post $139.24 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the company. MKM Partners restated a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Zacks Investment Research downgraded NVR from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Finally, Bank of America Corporation restated 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. NVR presently has a consensus rating of “Hold” and an average target price of $2,672.00.
In other news, Director Eddie Arthur Grier sold 165 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 340 shares of the company’s stock, valued at approximately $911,968.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William Grady Rosier sold 1,250 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $2,670.47, for a total value of $3,338,087.50. Following the transaction, the director now directly owns 1,212 shares in the company, valued at $3,236,609.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,240 shares of company stock valued at $11,355,358. 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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