Bank of New York Mellon Corp increased its position in shares of NVR, Inc. (NYSE:NVR) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,834 shares of the construction company’s stock after buying an additional 1,216 shares during the period. Bank of New York Mellon Corp owned approximately 1.20% of NVR worth $94,459,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of NVR. Huntington National Bank raised its position in shares of NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock worth $120,000 after buying an additional 53 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of NVR during the fourth quarter worth about $126,000. James Investment Research Inc. bought a new position in shares of NVR during the first quarter worth about $158,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of NVR by 13.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116 shares of the construction company’s stock worth $190,000 after buying an additional 14 shares during the last quarter. Finally, WASHINGTON TRUST Co bought a new position in shares of NVR during the first quarter worth about $211,000. Institutional investors and hedge funds own 78.76% of the company’s stock.
NVR, Inc. (NYSE:NVR) traded up 0.17% during mid-day trading on Friday, hitting $2444.68. 35,388 shares of the stock traded hands. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $2,463.00. The company has a 50 day moving average of $2,279.95 and a 200-day moving average of $1,977.00. The stock has a market cap of $9.16 billion, a PE ratio of 21.63 and a beta of 0.67.
NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, April 20th. The construction company reported $25.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.03 by $4.09. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. NVR had a net margin of 7.90% and a return on equity of 34.48%. NVR’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $15.79 EPS. Equities research analysts forecast that NVR, Inc. will post $129.86 earnings per share for the current year.
NVR has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Zelman & Associates lowered shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Finally, Zacks Investment Research downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $2,187.00.
In other NVR news, CEO Paul C. Saville sold 3,884 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $2,095.08, for a total value of $8,137,290.72. Following the transaction, the chief executive officer now directly owns 120,292 shares of the company’s stock, valued at approximately $252,021,363.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Manuel H. Johnson sold 1,302 shares of the business’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $2,092.71, for a total transaction of $2,724,708.42. Following the completion of the transaction, the director now directly owns 1,702 shares in the company, valued at $3,561,792.42. The disclosure for this sale can be found here. Insiders sold a total of 18,257 shares of company stock worth $39,023,767 over the last three months. 11.30% of the stock is currently owned by corporate insiders.
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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