Caxton Associates LP Invests $4.82 Million in NVR, Inc. (NVR)
Caxton Associates LP bought a new stake in NVR, Inc. (NYSE:NVR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,000 shares of the construction company’s stock, valued at approximately $4,821,000. Caxton Associates LP owned approximately 0.05% of NVR as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of NVR in the first quarter valued at $238,000. Thrivent Financial For Lutherans lifted its holdings in shares of NVR by 8.3% in the first quarter. Thrivent Financial For Lutherans now owns 650 shares of the construction company’s stock valued at $1,369,000 after purchasing an additional 50 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of NVR by 16.0% in the second quarter. Prudential Financial Inc. now owns 40,440 shares of the construction company’s stock valued at $97,485,000 after purchasing an additional 5,580 shares in the last quarter. Andra AP fonden purchased a new stake in shares of NVR in the second quarter valued at $4,797,000. Finally, Birinyi Associates Inc. purchased a new stake in shares of NVR in the second quarter valued at $1,005,000. Institutional investors own 79.72% of the company’s stock.
NVR has been the subject of a number of research analyst reports. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Bank of America Corporation restated a “buy” rating and issued a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Finally, MKM Partners restated a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $2,645.00.
NVR, Inc. (NVR) traded up 0.50% during mid-day trading on Friday, hitting $2890.89. The stock had a trading volume of 30,966 shares. The company has a 50-day moving average price of $2,774.97 and a 200 day moving average price of $2,456.16. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,949.50. The company has a market cap of $10.82 billion, a P/E ratio of 22.87 and a beta of 0.67.
NVR (NYSE:NVR) last announced its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business earned $22.01 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that NVR, Inc. will post $139.24 EPS for the current fiscal year.
In related news, CFO Daniel David Malzahn sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total value of $4,017,525.00. Following the sale, the chief financial officer now directly owns 4,225 shares of the company’s stock, valued at approximately $11,316,028.75. The transaction 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 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 sale, the insider now directly owns 5,323 shares in the company, valued at $14,211,877.70. The disclosure for this sale can be found here. Insiders 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 company 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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