909 Shares in NVR, Inc. (NVR) Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in NVR, Inc. (NYSE:NVR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 909 shares of the construction company’s stock, valued at approximately $2,700,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tobam acquired a new position in shares of NVR during the 2nd quarter worth approximately $1,726,000. State of Wisconsin Investment Board lifted its holdings in shares of NVR by 8.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 3,621 shares of the construction company’s stock worth $10,756,000 after acquiring an additional 269 shares during the period. Virginia Retirement Systems ET AL bought a new stake in shares of NVR during the 2nd quarter worth approximately $17,228,000. D.A. Davidson & CO. lifted its holdings in shares of NVR by 11.1% during the 2nd quarter. D.A. Davidson & CO. now owns 728 shares of the construction company’s stock worth $2,162,000 after acquiring an additional 73 shares during the period. Finally, Fiera Capital Corp lifted its holdings in shares of NVR by 23.2% during the 2nd quarter. Fiera Capital Corp now owns 175 shares of the construction company’s stock worth $520,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 78.99% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a report on Friday, April 20th. ValuEngine downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. JPMorgan Chase & Co. reaffirmed a “$2,892.50” rating and set a $3,100.00 price target (down previously from $3,450.00) on shares of NVR in a report on Monday, July 23rd. Finally, MKM Partners cut their price target on shares of NVR to $3,100.00 and set a “neutral” rating for the company in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $3,341.50.
NVR (NYSE:NVR) last issued its quarterly earnings data on Friday, July 20th. The construction company reported $49.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $46.21 by $2.84. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.82 billion. NVR had a net margin of 9.86% and a return on equity of 45.41%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $35.19 EPS. research analysts forecast that NVR, Inc. will post 189.18 earnings per share for the current fiscal year.
NVR declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 1st that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
In related news, Director Dwight C. Schar sold 3,731 shares of the stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $2,955.70, for a total value of $11,027,716.70. Following the completion of the transaction, the director now owns 60,000 shares of the company’s stock, valued at approximately $177,342,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Eddie Arthur Grier sold 108 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $2,722.12, for a total transaction of $293,988.96. Following the completion of the transaction, the director now directly owns 193 shares of the company’s stock, valued at approximately $525,369.16. The disclosure for this sale can be found here. In the last three months, insiders sold 6,193 shares of company stock valued at $18,540,518. 12.00% of the stock is owned by insiders.
NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.
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