Sippican Capital Advisors reduced its position in shares of NVR, Inc. (NYSE:NVR) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,530 shares of the construction company’s stock after selling 141 shares during the period. NVR makes up about 4.0% of Sippican Capital Advisors’ holdings, making the stock its largest position. Sippican Capital Advisors’ holdings in NVR were worth $3,688,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. 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. Acrospire Investment Management LLC purchased a new position in shares of NVR during the first quarter worth approximately $124,000. PNC Financial Services Group Inc. raised its position in shares of NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after buying an additional 9 shares during the last quarter. James Investment Research Inc. purchased a new position in shares of NVR during the first quarter worth approximately $158,000. Finally, IMS Capital Management purchased a new position in shares of NVR during the first quarter worth approximately $209,000. Institutional investors and hedge funds own 78.76% of the company’s stock.
Shares of NVR, Inc. (NVR) traded up 0.59% during mid-day trading on Wednesday, reaching $2497.80. The company’s stock had a trading volume of 7,135 shares. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 22.10 and a beta of 0.66. The firm has a 50 day moving average price of $2,429.56 and a 200 day moving average price of $2,109.50. NVR, Inc. has a 52-week low of $1,478.04 and a 52-week high of $2,544.50.
NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, April 20th. The construction company reported $25.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $21.03 by $4.09. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. NVR had a return on equity of 34.48% and a net margin of 7.90%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $15.79 EPS. On average, equities analysts predict that NVR, Inc. will post $129.86 EPS for the current fiscal year.
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A number of brokerages recently commented on NVR. Zacks Investment Research lowered NVR from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 29th. Zelman & Associates cut NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Bank of America Corporation reiterated a “buy” rating and issued a $2,690.00 price target (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Finally, ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. NVR has an average rating of “Buy” and a consensus target price of $2,708.00.
In other news, CEO Paul C. Saville sold 3,884 shares of NVR stock in a transaction on Wednesday, April 26th. The stock was 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 owns 120,292 shares in the company, valued at approximately $252,021,363.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Paul C. Saville sold 3,564 shares of NVR stock in a transaction on Monday, April 24th. The shares were sold at an average price of $2,095.41, for a total value of $7,468,041.24. Following the completion of the transaction, the chief executive officer now owns 120,292 shares in the company, valued at approximately $252,061,059.72. The disclosure for this sale can be found here. Insiders sold a total of 18,257 shares of company stock valued at $39,023,767 over the last ninety days. Insiders own 11.30% of the company’s stock.
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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