Daiwa Securities Group Inc. reduced its position in NVR Inc. (NYSE:NVR) by 58.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 230 shares of the company’s stock after selling 320 shares during the period. Daiwa Securities Group Inc.’s holdings in NVR were worth $409,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new position in NVR during the first quarter valued at approximately $104,000. Checchi Capital Advisers LLC boosted its position in NVR by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 86 shares of the company’s stock valued at $153,000 after buying an additional 6 shares during the last quarter. Invictus RG boosted its position in NVR by 370.0% in the first quarter. Invictus RG now owns 94 shares of the company’s stock valued at $163,000 after buying an additional 74 shares during the last quarter. Meeder Asset Management Inc. bought a new position in NVR during the first quarter valued at approximately $367,000. Finally, LS Investment Advisors LLC boosted its position in NVR by 72.6% in the second quarter. LS Investment Advisors LLC now owns 233 shares of the company’s stock valued at $415,000 after buying an additional 98 shares during the last quarter. 81.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of NVR Inc. (NYSE:NVR) remained flat at $1639.87 during trading on Friday. The company had a trading volume of 18,298 shares. NVR Inc. has a one year low of $1,462.02 and a one year high of $1,845.37. The stock has a market cap of $6.39 billion, a P/E ratio of 16.93 and a beta of 0.50. The stock’s 50-day moving average is $1,673.19 and its 200 day moving average is $1,708.53.
NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 21st. The company reported $22.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $26.00 by $3.99. NVR had a return on equity of 32.00% and a net margin of 7.53%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Equities research analysts forecast that NVR Inc. will post $102.14 EPS for the current fiscal year.
Several research firms have commented on NVR. Wells Fargo & Co. began coverage on shares of NVR in a research note on Wednesday. They set a “market perform” rating on the stock. Credit Suisse Group AG reissued a “sell” rating on shares of NVR in a research note on Tuesday, June 28th. Finally, Zacks Investment Research raised shares of NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 21st. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $1,713.50.
In other news, Director Manuel H. Johnson sold 121 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $1,699.19, for a total value of $205,601.99. Following the sale, the director now owns 400 shares in the company, valued at approximately $679,676. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Grady Rosier sold 729 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $1,728.71, for a total transaction of $1,260,229.59. Following the completion of the sale, the director now owns 4,153 shares in the company, valued at approximately $7,179,332.63. The disclosure for this sale can be found here. Company insiders own 10.20% 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 also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR Inc. (NYSE:NVR).
Receive News & Ratings for NVR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.