Concert Wealth Management Inc. raised its stake in NVR Inc. (NYSE:NVR) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 135 shares of the company’s stock after buying an additional 3 shares during the period. Concert Wealth Management Inc.’s holdings in NVR were worth $244,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVR. Acrospire Investment Management LLC acquired a new position in NVR during the first quarter valued at about $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. acquired a new position in NVR during the first quarter valued at about $367,000. Finally, Bank of Montreal Can acquired a new position in NVR during the second quarter valued at about $381,000. Hedge funds and other institutional investors own 81.96% of the company’s stock.
NVR Inc. (NYSE:NVR) traded down 1.06% during mid-day trading on Friday, hitting $1590.71. The company had a trading volume of 31,930 shares. NVR Inc. has a one year low of $1,462.02 and a one year high of $1,845.37. The company has a market cap of $6.20 billion, a PE ratio of 16.42 and a beta of 0.47. The company’s 50 day moving average price is $1,653.01 and its 200-day moving average price is $1,701.74.
NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, July 21st. The company reported $22.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $26.00 by $3.99. NVR had a net margin of 7.53% and a return on equity of 32.00%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Equities research analysts anticipate that NVR Inc. will post $102.14 EPS for the current fiscal year.
Several research firms have weighed in on NVR. Credit Suisse Group AG reissued a “sell” rating on shares of NVR in a report on Tuesday, July 12th. Zacks Investment Research lowered NVR from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Finally, Wells Fargo & Co. began coverage on NVR in a report on Wednesday, September 28th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $1,713.50.
In related news, Director William Grady Rosier sold 729 shares of the business’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Manuel H. Johnson sold 121 shares of the business’s stock in a transaction that occurred 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 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. Corporate 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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