Macquarie Group Ltd. Acquires Shares of 250 NVR, Inc. (NVR)
Macquarie Group Ltd. acquired a new stake in shares of NVR, Inc. (NYSE:NVR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 250 shares of the construction company’s stock, valued at approximately $603,000.
Other institutional investors have also recently modified their holdings of the company. Thrivent Financial For Lutherans grew its position in shares of NVR by 8.3% during the first quarter. Thrivent Financial For Lutherans now owns 650 shares of the construction company’s stock valued at $1,369,000 after purchasing an additional 50 shares in the last quarter. Prudential Financial Inc. grew its position in shares of NVR by 16.0% during the second quarter. Prudential Financial Inc. now owns 40,440 shares of the construction company’s stock valued at $97,485,000 after purchasing an additional 5,580 shares in the last quarter. Birinyi Associates Inc. purchased a new position in shares of NVR during the second quarter valued at about $1,005,000. Andra AP fonden purchased a new position in shares of NVR during the second quarter valued at about $4,797,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of NVR by 1.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 42,434 shares of the construction company’s stock valued at $102,292,000 after purchasing an additional 683 shares in the last quarter. Hedge funds and other institutional investors own 80.59% of the company’s stock.
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In other NVR news, Director Timothy M. Donahue sold 325 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $2,730.07, for a total value of $887,272.75. Following the completion of the sale, the director now owns 843 shares in the company, valued at approximately $2,301,449.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eddie Arthur Grier sold 165 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the completion of the sale, the director now owns 340 shares of the company’s stock, valued at approximately $911,968.40. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by corporate insiders.
A number of research analysts have recently weighed in on NVR shares. MKM Partners restated a “neutral” rating and set a $2,600.00 price objective (up previously from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Wells Fargo & Company reiterated a “market perform” rating on shares of NVR in a research report on Friday, October 20th. Finally, Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $3,111.75.
NVR, Inc. (NYSE:NVR) opened at 3240.00 on Tuesday. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 25.63 and a beta of 0.66. NVR, Inc. has a 52-week low of $1,478.04 and a 52-week high of $3,294.50. The company has a 50-day moving average price of $2,933.43 and a 200 day moving average price of $2,574.84.
NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, October 19th. The construction company reported $38.02 EPS for the quarter, beating the Zacks’ consensus estimate of $35.77 by $2.25. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.71 billion. NVR had a net margin of 9.22% and a return on equity of 38.23%. NVR’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $28.46 EPS. On average, analysts expect that NVR, Inc. will post $145.58 earnings per share for the current year.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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