Zweig DiMenna Associates LLC Invests $514,000 in NVR, Inc. (NVR)
Zweig DiMenna Associates LLC purchased a new stake in shares of NVR, Inc. (NYSE:NVR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 180 shares of the construction company’s stock, valued at approximately $514,000.
Other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank bought a new stake in shares of NVR during the second quarter valued at approximately $104,000. US Bancorp DE raised its stake 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. raised its stake 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. Advisor Group Inc. raised its stake in shares of NVR by 13.9% during the second quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock valued at $197,000 after acquiring an additional 10 shares in the last quarter. Finally, Everett Harris & Co. CA bought a new stake in shares of NVR during the second quarter valued at approximately $200,000. 80.07% of the stock is owned by hedge funds and other institutional investors.
Shares of NVR, Inc. (NVR) traded down $10.36 during trading hours on Monday, reaching $3,289.64. 18,700 shares of the company were exchanged, compared to its average volume of 28,033. The company has a market capitalization of $12,302.79, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 1.51 and a beta of 0.74. NVR, Inc. has a 52 week low of $1,510.00 and a 52 week high of $3,362.85. The company has a quick ratio of 1.44, a current ratio of 3.60 and a debt-to-equity ratio of 0.36.
NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, October 19th. The construction company reported $38.02 EPS for the quarter, topping analysts’ consensus estimates of $35.77 by $2.25. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.71 billion. NVR had a net margin of 9.22% and a return on equity of 38.23%. NVR’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $28.46 earnings per share. equities analysts anticipate that NVR, Inc. will post 146.44 earnings per share for the current fiscal year.
In other NVR news, Director Timothy M. Donahue sold 326 shares of NVR stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $3,266.87, for a total value of $1,064,999.62. Following the transaction, the director now directly owns 844 shares of the company’s stock, valued at $2,757,238.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eddie Arthur Grier sold 165 shares of NVR stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the completion of the transaction, the director now directly owns 340 shares in the company, valued at $911,968.40. The disclosure for this sale can be found here. Insiders sold 5,765 shares of company stock valued at $18,538,434 in the last three months. 11.30% of the stock is currently owned by insiders.
Several research firms have recently weighed in on NVR. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. MKM Partners reaffirmed a “neutral” rating and set a $2,600.00 price target (up previously from $1,900.00) on shares of NVR in a research note on Tuesday, July 25th. UBS AG began coverage on shares of NVR in a research note on Wednesday, October 25th. They set a “neutral” rating and a $3,450.00 price target for the company. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $3,111.75.
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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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