Epoch Investment Partners Inc. cut its holdings in shares of NVR, Inc. (NYSE:NVR) by 62.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,399 shares of the construction company’s stock after selling 13,872 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.22% of NVR worth $23,979,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank purchased a new stake in NVR in the 2nd quarter worth about $104,000. US Bancorp DE increased its holdings in NVR by 88.0% in the 2nd quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after acquiring an additional 22 shares during the last quarter. Advisor Group Inc. increased its holdings in NVR by 13.9% in the 2nd quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock worth $197,000 after acquiring an additional 10 shares during the last quarter. Everett Harris & Co. CA purchased a new stake in NVR in the 2nd quarter worth about $200,000. Finally, Hikari Power Ltd purchased a new stake in NVR in the 2nd quarter worth about $217,000. 78.48% of the stock is owned by hedge funds and other institutional investors.
NVR has been the subject of several recent research reports. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of NVR in a report on Friday, October 20th. Finally, MKM Partners reaffirmed a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $3,111.75.
NVR, Inc. (NYSE NVR) traded down $55.90 during mid-day trading on Wednesday, reaching $3,400.52. The company’s stock had a trading volume of 44,200 shares, compared to its average volume of 28,270. The company has a quick ratio of 1.44, a current ratio of 3.60 and a debt-to-equity ratio of 0.36. The stock has a market cap of $12,710.00, a price-to-earnings ratio of 25.39, a PEG ratio of 1.38 and a beta of 0.75. NVR, Inc. has a 1-year low of $1,577.00 and a 1-year high of $3,509.88.
NVR (NYSE:NVR) last posted its earnings results on Thursday, October 19th. The construction company reported $38.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $35.77 by $2.25. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.71 billion. NVR had a return on equity of 38.23% and a net margin of 9.22%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $28.46 EPS. sell-side analysts expect that NVR, Inc. will post 147.66 EPS for the current fiscal year.
In other news, Director Timothy M. Donahue sold 326 shares of NVR stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $3,266.87, for a total transaction of $1,064,999.62. Following the completion of the sale, the director now owns 844 shares in the company, valued at approximately $2,757,238.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William A. Moran sold 4,949 shares of NVR stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $3,261.99, for a total value of $16,143,588.51. Following the sale, the director now owns 26,085 shares of the company’s stock, valued at approximately $85,089,009.15. The disclosure for this sale can be found here. 11.30% of the stock is owned by 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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