First Citizens Bank & Trust Co. reduced its position in shares of NVR Inc. (NYSE:NVR) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 806 shares of the company’s stock after selling 73 shares during the period. First Citizens Bank & Trust Co.’s holdings in NVR were worth $1,434,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new position in NVR during the first quarter worth approximately $104,000. Checchi Capital Advisers LLC increased its position in NVR by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 86 shares of the company’s stock worth $153,000 after buying an additional 6 shares during the period. Invictus RG increased its position in NVR by 370.0% in the first quarter. Invictus RG now owns 94 shares of the company’s stock worth $163,000 after buying an additional 74 shares during the period. Meeder Asset Management Inc. bought a new position in NVR during the first quarter worth approximately $367,000. Finally, Bank of Montreal Can bought a new position in NVR during the second quarter worth approximately $381,000. 81.96% of the stock is owned by institutional investors and hedge funds.
Shares of NVR Inc. (NYSE:NVR) traded up 0.07% on Wednesday, reaching $1621.06. The company’s stock had a trading volume of 8,247 shares. The firm’s 50-day moving average price is $1,660.38 and its 200-day moving average price is $1,704.14. The stock has a market cap of $6.31 billion, a P/E ratio of 16.73 and a beta of 0.47. NVR Inc. has a 12 month low of $1,462.02 and a 12 month high of $1,845.37.
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 consensus estimate of $26.00 by $3.99. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. NVR had a return on equity of 32.00% and a net margin of 7.53%. On average, analysts forecast that NVR Inc. will post $102.14 earnings per share for the current fiscal year.
A number of research firms recently commented on NVR. Zacks Investment Research raised NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 21st. Credit Suisse Group AG reaffirmed a “sell” rating on shares of NVR in a research note on Tuesday, June 28th. Finally, Wells Fargo & Co. began coverage on NVR in a research note on Wednesday, September 28th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $1,713.50.
In other news, Director William Grady Rosier sold 729 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $1,728.71, for a total transaction of $1,260,229.59. Following the completion of the transaction, the director now owns 4,153 shares in the company, valued at approximately $7,179,332.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Manuel H. Johnson sold 121 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $1,699.19, for a total value of $205,601.99. Following the transaction, the director now owns 400 shares of the company’s stock, valued at approximately $679,676. The disclosure for this sale can be found here. 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).
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