Timothy M. Donahue Sells 326 Shares of NVR, Inc. (NVR) Stock
NVR, Inc. (NYSE:NVR) Director Timothy M. Donahue sold 326 shares of NVR stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $3,266.87, for a total transaction of $1,064,999.62. Following the transaction, the director now owns 844 shares in the company, valued at approximately $2,757,238.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, October 19th. The construction company reported $38.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $35.77 by $2.25. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.71 billion. NVR had a net margin of 9.22% and a return on equity of 38.23%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business earned $28.46 earnings per share.
NVR has been the topic of several analyst reports. Wells Fargo & Company reiterated a “market perform” rating on shares of NVR in a research note on Friday, October 20th. ValuEngine cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 target price on the stock in a research note on Tuesday, October 24th. UBS AG initiated coverage on shares of NVR in a research note on Wednesday, October 25th. They set a “neutral” rating and a $3,450.00 target price on the stock. Finally, MKM Partners restated a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $3,111.75.
A number of hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund grew its position in NVR by 106.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 2,659 shares of the construction company’s stock valued at $7,591,000 after buying an additional 1,368 shares during the period. Cavalier Investments LLC acquired a new stake in NVR during the third quarter valued at $328,000. State of Wisconsin Investment Board grew its position in NVR by 14.0% during the third quarter. State of Wisconsin Investment Board now owns 3,387 shares of the construction company’s stock valued at $9,670,000 after buying an additional 415 shares during the period. Stevens Capital Management LP acquired a new stake in NVR during the third quarter valued at $520,000. Finally, Chicago Equity Partners LLC grew its position in NVR by 21.8% during the third quarter. Chicago Equity Partners LLC now owns 1,870 shares of the construction company’s stock valued at $5,339,000 after buying an additional 335 shares during the period. Institutional investors own 80.59% 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’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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