AXA increased its holdings in NVR, Inc. (NYSE:NVR) by 30.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,031 shares of the construction company’s stock after buying an additional 243 shares during the period. AXA’s holdings in NVR were worth $3,475,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVR. APG Asset Management N.V. increased its stake in NVR by 25.0% in the second quarter. APG Asset Management N.V. now owns 1,000 shares of the construction company’s stock valued at $2,959,000 after acquiring an additional 200 shares during the last quarter. Natixis grew its holdings in NVR by 493.6% during the 2nd quarter. Natixis now owns 3,888 shares of the construction company’s stock worth $13,104,000 after acquiring an additional 3,233 shares in the last quarter. Ossiam bought a new position in NVR during the 2nd quarter worth about $415,000. Seeyond grew its holdings in NVR by 24.3% during the 2nd quarter. Seeyond now owns 639 shares of the construction company’s stock worth $2,154,000 after acquiring an additional 125 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in NVR by 11.7% during the 2nd quarter. Pictet Asset Management Ltd. now owns 6,480 shares of the construction company’s stock worth $21,839,000 after acquiring an additional 679 shares in the last quarter. Institutional investors own 80.10% of the company’s stock.
Several research analysts have issued reports on NVR shares. Evercore upgraded shares of NVR from an “in-line” rating to an “outperform” rating in a 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 target on the stock in a report on Thursday, July 11th. Buckingham Research raised their price target on shares of NVR from $3,580.00 to $3,860.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Evercore ISI upgraded shares of NVR from an “in-line” rating to an “outperform” rating in a report on Friday, August 9th. Finally, Wells Fargo & Co raised their price target on shares of NVR from $3,500.00 to $3,725.00 and gave the company a “market perform” rating in a report on Monday, July 22nd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. NVR presently has an average rating of “Hold” and an average price target of $3,537.33.
NVR (NYSE:NVR) last released its quarterly earnings results on Friday, July 19th. The construction company reported $53.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $44.87 by $8.22. NVR had a return on equity of 44.03% and a net margin of 11.54%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the business earned $49.05 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that NVR, Inc. will post 208.72 earnings per share for the current year.
In other NVR news, insider Jeffrey D. Martchek sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $3,508.28, for a total transaction of $3,508,280.00. Following the completion of the sale, the insider now owns 5,158 shares in the company, valued at approximately $18,095,708.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey D. Martchek sold 234 shares of NVR stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $3,610.69, for a total value of $844,901.46. Following the completion of the transaction, the insider now owns 4,392 shares of the company’s stock, valued at approximately $15,858,150.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,561 shares of company stock worth $114,955,340. Company insiders own 11.10% of the company’s stock.
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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