Empirical Finance LLC purchased a new position in NVR, Inc. (NYSE:NVR) during the fourth quarter, Holdings Channel reports. The firm purchased 645 shares of the company’s stock, valued at approximately $1,077,000.
A number of other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of NVR during the third quarter worth about $318,376,000. FMR LLC raised its stake in shares of NVR by 9.8% in the fourth quarter. FMR LLC now owns 115,969 shares of the company’s stock worth $193,552,000 after buying an additional 10,307 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of NVR by 29.3% in the third quarter. Victory Capital Management Inc. now owns 77,417 shares of the company’s stock worth $126,954,000 after buying an additional 17,541 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of NVR by 57.6% in the second quarter. Canada Pension Plan Investment Board now owns 67,250 shares of the company’s stock worth $119,728,000 after buying an additional 24,590 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of NVR by 2.0% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 40,442 shares of the company’s stock worth $66,320,000 after buying an additional 805 shares during the last quarter. Institutional investors and hedge funds own 80.47% of the company’s stock.
Shares of NVR, Inc. (NYSE:NVR) traded down 1.05% on Tuesday, hitting $1884.31. The stock had a trading volume of 17,001 shares. The firm has a market cap of $6.96 billion, a P/E ratio of 18.19 and a beta of 0.56. NVR, Inc. has a 12 month low of $1,478.04 and a 12 month high of $1,920.52. The firm’s 50-day moving average price is $1,769.91 and its 200 day moving average price is $1,663.39.
NVR (NYSE:NVR) last posted its earnings results on Wednesday, January 25th. The company reported $37.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $33.09 by $4.71. The company earned $1.75 billion during the quarter, compared to the consensus estimate of $1.70 billion. NVR had a net margin of 7.41% and a return on equity of 32.60%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $31.92 earnings per share. Analysts anticipate that NVR, Inc. will post $128.04 EPS for the current fiscal year.
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A number of brokerages have recently weighed in on NVR. Bank of America Corporation upgraded NVR from a “neutral” rating to a “buy” rating in a research report on Monday, December 12th. Zacks Investment Research upgraded NVR from a “hold” rating to a “strong-buy” rating and set a $2,187.00 price objective for the company in a research report on Saturday, January 28th. Finally, BTIG Research began coverage on NVR in a research report on Tuesday, February 7th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $2,187.00.
In related news, insider Robert W. Henley sold 4,000 shares of the company’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $1,877.76, for a total transaction of $7,511,040.00. Following the completion of the transaction, the insider now owns 3,000 shares in the company, valued at approximately $5,633,280. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Melquiades R. Martinez sold 1,169 shares of the company’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $1,855.03, for a total transaction of $2,168,530.07. Following the transaction, the director now owns 975 shares of the company’s stock, valued at approximately $1,808,654.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,083 shares of company stock valued at $20,848,271. Insiders own 10.20% of the company’s stock.
NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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