Montag A & Associates Inc. boosted its holdings in NVR, Inc. (NYSE:NVR) by 19.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171 shares of the construction company’s stock after acquiring an additional 28 shares during the period. Montag A & Associates Inc.’s holdings in NVR were worth $636,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE increased its stake in shares of NVR by 3.8% during the second quarter. US Bancorp DE now owns 81 shares of the construction company’s stock valued at $272,000 after acquiring an additional 3 shares during the period. Advisor Partners LLC grew its position in NVR by 3.0% in the third quarter. Advisor Partners LLC now owns 104 shares of the construction company’s stock worth $387,000 after buying an additional 3 shares during the last quarter. Cim LLC grew its position in NVR by 1.9% in the third quarter. Cim LLC now owns 215 shares of the construction company’s stock worth $799,000 after buying an additional 4 shares during the last quarter. Quadrant Capital Group LLC grew its position in NVR by 66.7% in the third quarter. Quadrant Capital Group LLC now owns 15 shares of the construction company’s stock worth $53,000 after buying an additional 6 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in NVR by 3.8% in the second quarter. Advisory Services Network LLC now owns 193 shares of the construction company’s stock worth $650,000 after buying an additional 7 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on NVR shares. Evercore upgraded shares of NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Evercore ISI upgraded shares of NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Bank of America upgraded shares of NVR from a “neutral” rating to a “buy” rating and set a $4,150.00 price target on the stock in a research report on Wednesday. They noted that the move was a valuation call. Wells Fargo & Co lifted their price target on shares of NVR from $3,725.00 to $4,000.00 and gave the stock a “market perform” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. lowered shares of NVR from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $3,300.00 to $3,680.00 in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. NVR presently has a consensus rating of “Buy” and a consensus price target of $3,799.83.
In related news, insider Jeffrey D. Martchek sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $3,552.51, for a total value of $7,105,020.00. Following the completion of the transaction, the insider now owns 6,158 shares of the company’s stock, valued at approximately $21,876,356.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey D. Martchek sold 932 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $3,805.64, for a total transaction of $3,546,856.48. Following the completion of the transaction, the insider now directly owns 4,855 shares of the company’s stock, valued at approximately $18,476,382.20. The disclosure for this sale can be found here. Insiders sold a total of 16,900 shares of company stock valued at $60,752,453 in the last ninety days. Company insiders own 11.10% of the company’s stock.
NVR stock traded down $4.17 during midday trading on Friday, reaching $3,423.25. The stock had a trading volume of 24,314 shares, compared to its average volume of 28,877. The firm’s fifty day simple moving average is $3,651.70 and its two-hundred day simple moving average is $3,467.07. NVR, Inc. has a twelve month low of $2,257.04 and a twelve month high of $3,946.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.73 and a quick ratio of 2.41. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.46 and a beta of 0.59.
NVR (NYSE:NVR) last posted its quarterly earnings data on Friday, October 18th. The construction company reported $56.11 EPS for the quarter, topping analysts’ consensus estimates of $51.52 by $4.59. NVR had a net margin of 11.82% and a return on equity of 41.69%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business posted $48.28 EPS. The company’s revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts predict that NVR, Inc. will post 212.33 EPS for the current fiscal year.
NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.
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