Carillon Tower Advisers Inc. lessened its holdings in NVR, Inc. (NYSE:NVR) by 36.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,399 shares of the construction company’s stock after selling 1,360 shares during the quarter. Carillon Tower Advisers Inc. owned 0.07% of NVR worth $5,927,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of NVR by 0.4% in the 3rd quarter. BlackRock Inc. now owns 368,762 shares of the construction company’s stock valued at $911,136,000 after purchasing an additional 1,296 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of NVR by 150,961.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 335,356 shares of the construction company’s stock valued at $487,000 after purchasing an additional 335,134 shares in the last quarter. FMR LLC boosted its holdings in shares of NVR by 38.8% in the 3rd quarter. FMR LLC now owns 125,954 shares of the construction company’s stock valued at $311,207,000 after purchasing an additional 35,233 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of NVR by 10.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 51,059 shares of the construction company’s stock valued at $151,664,000 after purchasing an additional 4,845 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of NVR by 3.1% in the 2nd quarter. Northern Trust Corp now owns 42,575 shares of the construction company’s stock valued at $126,461,000 after purchasing an additional 1,270 shares in the last quarter. 77.99% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on NVR shares. ValuEngine cut NVR from a “sell” rating to a “strong sell” rating in a research note on Friday, September 28th. Wells Fargo & Co reiterated a “market perform” rating and issued a $2,410.00 price target (down from $3,780.00) on shares of NVR in a research note on Friday, October 19th. Bank of America cut NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 price target for the company. in a research note on Thursday, October 18th. Finally, Zacks Investment Research upgraded NVR from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $3,104.33.
Shares of NYSE:NVR opened at $2,450.00 on Monday. The firm has a market cap of $8.86 billion, a P/E ratio of 17.31, a P/E/G ratio of 0.95 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, Inc. has a 12-month low of $2,040.71 and a 12-month high of $3,700.00.
NVR (NYSE:NVR) last announced its earnings results on Thursday, October 18th. The construction company reported $48.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $50.94 by ($2.66). The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. NVR had a return on equity of 47.30% and a net margin of 10.10%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $38.02 earnings per share. Analysts expect that NVR, Inc. will post 185.25 earnings per share for the current fiscal year.
In related news, insider Robert W. Henley sold 4,203 shares of the firm’s stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $2,131.63, for a total transaction of $8,959,240.89. Following the completion of the transaction, the insider now directly owns 797 shares of the company’s stock, valued at approximately $1,698,909.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert W. Henley sold 14,850 shares of the firm’s stock in a transaction on Tuesday, October 23rd. The stock was sold at an average price of $2,145.61, for a total value of $31,862,308.50. Following the transaction, the insider now directly owns 4,500 shares of the company’s stock, valued at $9,655,245. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,464 shares of company stock valued at $53,690,887. 11.30% of the stock is owned by corporate insiders.
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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