Chicago Equity Partners LLC lowered its position in NVR, Inc. (NYSE:NVR) by 75.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,346 shares of the construction company’s stock after selling 4,031 shares during the period. Chicago Equity Partners LLC’s holdings in NVR were worth $3,326,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the business. Flagship Harbor Advisors LLC acquired a new position in shares of NVR during the 2nd quarter worth about $109,000. Cerebellum GP LLC raised its position in shares of NVR by 57.8% during the 3rd quarter. Cerebellum GP LLC now owns 71 shares of the construction company’s stock worth $175,000 after purchasing an additional 26 shares during the last quarter. WealthPLAN Partners LLC acquired a new position in shares of NVR during the 2nd quarter worth about $220,000. Moneta Group Investment Advisors LLC raised its position in shares of NVR by 102.6% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 79 shares of the construction company’s stock worth $235,000 after purchasing an additional 40 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new position in shares of NVR during the 2nd quarter worth about $295,000. Institutional investors and hedge funds own 77.52% of the company’s stock.
In related news, insider Jeffrey D. Martchek sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $2,727.09, for a total transaction of $2,727,090.00. Following the completion of the sale, the insider now owns 5,198 shares of the company’s stock, valued at approximately $14,175,413.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Melquiades R. Martinez acquired 60 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were acquired at an average cost of $2,359.50 per share, with a total value of $141,570.00. Following the purchase, the director now owns 191 shares in the company, valued at approximately $450,664.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 22,053 shares of company stock valued at $48,606,919. 11.30% of the stock is owned by corporate insiders.
Several research firms recently weighed in on NVR. MKM Partners reduced their price target on shares of NVR to $3,100.00 and set a “neutral” rating for the company in a research report on Friday, August 3rd. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Bank of America downgraded shares of NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 price target for the company. in a research report on Thursday, October 18th. JPMorgan Chase & Co. restated a “$2,892.50” rating and set a $3,100.00 price target (down previously from $3,450.00) on shares of NVR in a research report on Monday, July 23rd. Finally, ValuEngine downgraded shares of NVR from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $3,104.33.
Shares of NYSE NVR opened at $2,315.05 on Friday. NVR, Inc. has a 12-month low of $2,040.71 and a 12-month high of $3,700.00. The stock has a market cap of $8.46 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.74 and a quick ratio of 1.53.
NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, October 18th. The construction company reported $48.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $50.94 by ($2.66). NVR had a net margin of 10.10% and a return on equity of 47.30%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company posted $38.02 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. As a group, equities analysts forecast that NVR, Inc. will post 185.25 earnings per share for the current year.
NVR announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 1st that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to buy up to 3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
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NVR Company Profile
NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.
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