Russell Investments Group Ltd. lowered its holdings in NVR, Inc. (NYSE:NVR) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,807 shares of the construction company’s stock after selling 705 shares during the period. Russell Investments Group Ltd. owned about 0.21% of NVR worth $28,820,000 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 raised its holdings 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 buying an additional 3 shares during the last quarter. Advisor Partners LLC increased its stake in shares of NVR by 3.0% during the third quarter. Advisor Partners LLC now owns 104 shares of the construction company’s stock valued at $387,000 after acquiring an additional 3 shares during the period. Cim LLC increased its stake in shares of NVR by 1.9% during the third quarter. Cim LLC now owns 215 shares of the construction company’s stock valued at $799,000 after acquiring an additional 4 shares during the period. 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 the stock. ValuEngine lowered shares of NVR from a “sell” rating to a “strong sell” rating in a research report on Monday. Evercore upgraded shares of NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,642.00 price objective on the stock in a research report on Thursday, July 11th. Wells Fargo & Co lifted their price objective 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. cut shares of NVR from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $3,300.00 to $3,680.00 in a research report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $3,799.83.
In other NVR news, Director Eddie Arthur Grier sold 350 shares of NVR stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $3,531.87, for a total transaction of $1,236,154.50. Following the completion of the sale, the director now owns 525 shares of the company’s stock, valued at approximately $1,854,231.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul C. Saville sold 5,000 shares of NVR stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $3,578.52, for a total transaction of $17,892,600.00. Following the sale, the chief executive officer now directly owns 115,770 shares of the company’s stock, valued at approximately $414,285,260.40. The disclosure for this sale can be found here. Insiders have sold a total of 16,900 shares of company stock valued at $60,752,453 in the last three months. Company insiders own 11.10% of the company’s stock.
NYSE NVR opened at $3,427.42 on Friday. NVR, Inc. has a twelve month low of $2,185.10 and a twelve month high of $3,946.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.41 and a current ratio of 4.73. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.46 and a beta of 0.59. The firm’s 50 day moving average price is $3,657.55 and its two-hundred day moving average price is $3,465.47.
NVR (NYSE:NVR) last issued its earnings results on Friday, October 18th. The construction company reported $56.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $51.52 by $4.59. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.84 billion. NVR had a net margin of 11.82% and a return on equity of 41.69%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $48.28 EPS. On average, research analysts forecast 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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