Mitsubishi UFJ Trust & Banking Corp decreased its stake in NVR, Inc. (NYSE:NVR) by 61.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,761 shares of the construction company’s stock after selling 4,436 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of NVR worth $6,822,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of NVR by 10.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,148 shares of the construction company’s stock worth $6,380,000 after buying an additional 198 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of NVR by 16.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,187 shares of the construction company’s stock worth $3,526,000 after buying an additional 166 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of NVR by 5.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,457 shares of the construction company’s stock worth $37,002,000 after buying an additional 649 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of NVR during the 2nd quarter worth $1,485,000. Finally, Victory Capital Management Inc. raised its holdings in shares of NVR by 59.4% during the 2nd quarter. Victory Capital Management Inc. now owns 17,636 shares of the construction company’s stock worth $52,385,000 after buying an additional 6,572 shares in the last quarter. Institutional investors and hedge funds own 78.74% of the company’s stock.
NVR has been the subject of a number of research analyst reports. ValuEngine cut NVR from a “sell” rating to a “strong sell” rating in a report on Friday, September 28th. Wells Fargo & Co reissued a “market perform” rating and set a $2,410.00 price target (down previously from $3,780.00) on shares of NVR in a report 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 report on Thursday, October 18th. Finally, Zacks Investment Research upgraded NVR from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3,104.33.
In related news, insider Robert W. Henley sold 4,203 shares of the business’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 sale, the insider now owns 797 shares in the company, valued at approximately $1,698,909.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Melquiades R. Martinez acquired 60 shares of NVR stock in a transaction that occurred on Friday, November 2nd. The shares were purchased at an average price of $2,359.50 per share, for a total transaction of $141,570.00. Following the transaction, the director now directly owns 191 shares in the company, valued at $450,664.50. The disclosure for this purchase can be found here. Insiders have sold a total of 26,163 shares of company stock worth $57,909,385 in the last 90 days. 11.30% of the stock is currently owned by corporate insiders.
Shares of NVR stock opened at $2,456.76 on Friday. The firm has a market cap of $9.01 billion, a P/E ratio of 13.84, a PEG ratio of 0.97 and a beta of 0.62. NVR, Inc. has a twelve month low of $2,040.71 and a twelve month high of $3,700.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 3.74.
NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, October 18th. The construction company reported $48.28 earnings per share for the quarter, missing analysts’ consensus estimates of $50.94 by ($2.66). The firm 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 company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $38.02 EPS. Equities research analysts expect that NVR, Inc. will post 185.25 EPS for the current fiscal year.
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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