New York State Teachers Retirement System continued to hold its stake in shares of NVR Inc. (NYSE:NVR) during the second quarter, Holdings Channel reports. The firm owned 7,806 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in NVR were worth $13,897,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of NVR. Creative Planning increased its stake in shares of NVR by 0.6% in the second quarter. Creative Planning now owns 805 shares of the company’s stock worth $1,433,000 after buying an additional 5 shares during the period. Oakbrook Investments LLC increased its stake in shares of NVR by 1.4% in the second quarter. Oakbrook Investments LLC now owns 355 shares of the company’s stock worth $632,000 after buying an additional 5 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of NVR by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 86 shares of the company’s stock worth $153,000 after buying an additional 6 shares during the period. Aviva PLC increased its stake in shares of NVR by 0.8% in the first quarter. Aviva PLC now owns 1,804 shares of the company’s stock worth $3,125,000 after buying an additional 14 shares during the period. Finally, 1st Global Advisors Inc. increased its stake in shares of NVR by 8.8% in the second quarter. 1st Global Advisors Inc. now owns 372 shares of the company’s stock worth $662,000 after buying an additional 30 shares during the period. 81.96% of the stock is owned by institutional investors and hedge funds.
Shares of NVR Inc. (NYSE:NVR) traded down 0.22% during mid-day trading on Friday, hitting $1651.30. The company had a trading volume of 17,065 shares. The company has a market cap of $6.43 billion, a PE ratio of 17.05 and a beta of 0.50. The firm has a 50-day moving average of $1,682.22 and a 200-day moving average of $1,708.84. NVR Inc. has a 12 month low of $1,462.02 and a 12 month high of $1,845.37.
NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, July 21st. The company reported $22.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $26.00 by $3.99. NVR had a return on equity of 32.00% and a net margin of 7.53%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. On average, analysts expect that NVR Inc. will post $102.08 EPS for the current year.
A number of analysts have issued reports on the company. Credit Suisse Group AG reaffirmed a “sell” rating on shares of NVR in a research note on Tuesday, July 12th. Zacks Investment Research downgraded NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $1,713.50.
In related news, Director William Grady Rosier sold 729 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $1,728.71, for a total transaction of $1,260,229.59. Following the transaction, the director now owns 4,153 shares of the company’s stock, valued at $7,179,332.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Manuel H. Johnson sold 121 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $1,699.19, for a total value of $205,601.99. Following the transaction, the director now directly owns 400 shares in the company, valued at approximately $679,676. The disclosure for this sale can be found here. Corporate 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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