Hanseatic Management Services Inc. Reduces Position in NVR, Inc. (NVR)
Hanseatic Management Services Inc. reduced its position in shares of NVR, Inc. (NYSE:NVR) by 35.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 215 shares of the construction company’s stock after selling 116 shares during the quarter. Hanseatic Management Services Inc.’s holdings in NVR were worth $614,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of NVR. Broad Run Investment Management LLC acquired a new position in NVR during the 2nd quarter worth approximately $91,459,000. BlackRock Inc. raised its stake in NVR by 8.7% during the 2nd quarter. BlackRock Inc. now owns 379,835 shares of the construction company’s stock worth $915,632,000 after buying an additional 30,517 shares during the period. FMR LLC raised its stake in NVR by 23.3% during the 2nd quarter. FMR LLC now owns 150,964 shares of the construction company’s stock worth $363,915,000 after buying an additional 28,513 shares during the period. Vanguard Group Inc. raised its stake in shares of NVR by 9.5% in the second quarter. Vanguard Group Inc. now owns 309,547 shares of the construction company’s stock worth $746,196,000 after purchasing an additional 26,827 shares during the last quarter. Finally, State Street Corp raised its stake in shares of NVR by 17.7% in the second quarter. State Street Corp now owns 139,294 shares of the construction company’s stock worth $335,772,000 after purchasing an additional 20,928 shares during the last quarter. 80.07% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on NVR. UBS AG began coverage on NVR in a research note on Wednesday, October 25th. They issued a “neutral” rating and a $3,450.00 price objective for the company. Zacks Investment Research raised NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 price objective for the company in a research note on Tuesday, October 24th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Wells Fargo & Company reissued a “market perform” rating on shares of NVR in a research note on Friday, October 20th. Finally, ValuEngine downgraded NVR from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $3,111.75.
NVR, Inc. (NYSE NVR) traded down $25.87 during mid-day trading on Thursday, hitting $3,299.80. The stock had a trading volume of 34,100 shares, compared to its average volume of 27,990. The company has a market capitalization of $12,437.53, a price-to-earnings ratio of 24.43, a PEG ratio of 1.53 and a beta of 0.74. The company has a current ratio of 3.60, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. NVR, Inc. has a 52 week low of $1,545.30 and a 52 week high of $3,362.85.
NVR (NYSE:NVR) last released its earnings results on Thursday, October 19th. The construction company reported $38.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.77 by $2.25. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.71 billion. NVR had a return on equity of 38.23% and a net margin of 9.22%. NVR’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $28.46 earnings per share. equities research analysts anticipate that NVR, Inc. will post 146.44 earnings per share for the current year.
In other NVR news, Director Eddie Arthur Grier sold 165 shares of the 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 of the company’s stock, valued at $911,968.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy M. Donahue sold 326 shares of the 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,440 shares of company stock valued at $17,651,161. 11.30% of the stock is currently owned by corporate insiders.
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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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