Strs Ohio lifted its holdings in NVR, Inc. (NYSE:NVR) by 61.5% in the second quarter, Holdings Channel reports. The fund owned 423 shares of the construction company’s stock after purchasing an additional 161 shares during the quarter. Strs Ohio’s holdings in NVR were worth $1,425,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Weaver Consulting Group purchased a new stake in NVR in the 1st quarter worth about $34,000. Howe & Rusling Inc. purchased a new stake in NVR in the 1st quarter worth about $47,000. Penserra Capital Management LLC purchased a new stake in NVR in the 1st quarter worth about $66,000. Cullen Frost Bankers Inc. purchased a new stake in NVR in the 1st quarter worth about $69,000. Finally, Machina Capital S.A.S. purchased a new stake in NVR in the 2nd quarter worth about $71,000. 78.22% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. ValuEngine lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Wells Fargo & Co increased their price objective on shares of NVR from $3,500.00 to $3,725.00 and gave the stock a “market perform” rating in a research report on Monday, July 22nd. They noted that the move was a valuation call. Evercore ISI raised shares of NVR from an “in-line” rating to an “outperform” rating in a research report on Friday. Evercore raised shares of NVR from an “in-line” rating to an “outperform” rating in a research report on Friday. Finally, Zacks Investment Research raised 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. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $3,508.80.
In other news, CEO Paul C. Saville sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $3,236.84, for a total transaction of $3,884,208.00. Following the transaction, the chief executive officer now directly owns 113,970 shares of the company’s stock, valued at $368,902,654.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Paul C. Saville sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $3,502.83, for a total transaction of $70,056,600.00. Following the transaction, the chief executive officer now directly owns 132,770 shares in the company, valued at $465,070,739.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,620 shares of company stock worth $131,627,481. Corporate insiders own 11.10% of the company’s stock.
NVR stock opened at $3,463.70 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.29 and a quick ratio of 2.14. NVR, Inc. has a 1-year low of $2,040.71 and a 1-year high of $3,582.99. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.59 and a beta of 0.65. The stock has a 50-day moving average price of $3,412.51.
NVR (NYSE:NVR) last issued its earnings results on Friday, July 19th. The construction company reported $53.09 EPS for the quarter, topping the Zacks’ consensus estimate of $44.87 by $8.22. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. NVR had a net margin of 11.54% and a return on equity of 44.03%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $49.05 earnings per share. On average, equities analysts predict that NVR, Inc. will post 206.55 EPS for the current year.
NVR declared that its Board of Directors has approved a share buyback program on Thursday, May 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.
NVR Company Profile
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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