Glassman Wealth Services maintained its position in shares of NVR, Inc. (NYSE:NVR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112 shares of the construction company’s stock at the end of the first quarter. Glassman Wealth Services’ holdings in NVR were worth $236,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its position in shares of NVR by 9.8% in the fourth quarter. FMR LLC now owns 115,969 shares of the construction company’s stock valued at $193,552,000 after buying an additional 10,307 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of NVR by 1.3% in the first quarter. Victory Capital Management Inc. now owns 95,288 shares of the construction company’s stock valued at $200,761,000 after buying an additional 1,200 shares during the last quarter. Shelton Capital Management acquired a new position in shares of NVR during the fourth quarter valued at about $347,000. AQR Capital Management LLC raised its position in shares of NVR by 7.6% in the fourth quarter. AQR Capital Management LLC now owns 45,544 shares of the construction company’s stock valued at $76,013,000 after buying an additional 3,228 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of NVR by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 44,834 shares of the construction company’s stock valued at $94,459,000 after buying an additional 1,216 shares during the last quarter. Institutional investors own 78.76% of the company’s stock.
Shares of NVR, Inc. (NYSE:NVR) opened at 2444.68 on Friday. NVR, Inc. has a 12 month low of $1,478.04 and a 12 month high of $2,463.00. The company’s 50-day moving average is $2,279.95 and its 200 day moving average is $1,977.00. The stock has a market capitalization of $9.16 billion, a P/E ratio of 21.63 and a beta of 0.67.
NVR (NYSE:NVR) last announced its earnings results on Thursday, April 20th. The construction company reported $25.12 EPS for the quarter, topping the Zacks’ consensus estimate of $21.03 by $4.09. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. NVR had a net margin of 7.90% and a return on equity of 34.48%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $15.79 earnings per share. Equities research analysts predict that NVR, Inc. will post $129.86 earnings per share for the current year.
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Several research analysts recently issued reports on NVR shares. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Zacks Investment Research downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Finally, Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $2,187.00.
In other NVR news, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $2,352.35, for a total value of $2,352,350.00. Following the completion of the transaction, the insider now directly owns 5,323 shares in the company, valued at $12,521,559.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Preiser sold 1,302 shares of the business’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $2,070.07, for a total transaction of $2,695,231.14. Following the completion of the transaction, the director now owns 1,573 shares of the company’s stock, valued at $3,256,220.11. The disclosure for this sale can be found here. Insiders sold 18,257 shares of company stock valued at $39,023,767 over the last quarter. 11.30% of the stock is currently owned by corporate insiders.
NVR Company Profile
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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