PNC Financial Services Group Inc. raised its position in NVR Inc. (NYSE:NVR) by 5.0% during the second quarter, Holdings Channel reports. The fund owned 209 shares of the company’s stock after buying an additional 10 shares during the period. PNC Financial Services Group Inc.’s holdings in NVR were worth $372,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of NVR. Aviva PLC raised its position in shares of NVR by 17.7% in the second quarter. Aviva PLC now owns 2,123 shares of the company’s stock worth $3,776,000 after buying an additional 319 shares during the period. Timber Hill LLC purchased a new position in shares of NVR during the second quarter worth about $821,000. First Trust Advisors LP raised its position in shares of NVR by 13.4% in the second quarter. First Trust Advisors LP now owns 21,602 shares of the company’s stock worth $38,459,000 after buying an additional 2,558 shares during the period. GSA Capital Partners LLP raised its position in shares of NVR by 13.7% in the second quarter. GSA Capital Partners LLP now owns 315 shares of the company’s stock worth $561,000 after buying an additional 38 shares during the period. Finally, TD Asset Management Inc. raised its position in shares of NVR by 66.3% in the second quarter. TD Asset Management Inc. now owns 1,330 shares of the company’s stock worth $2,368,000 after buying an additional 530 shares during the period. 81.96% of the stock is owned by hedge funds and other institutional investors.
Shares of NVR Inc. (NYSE:NVR) traded down 0.03% during trading on Tuesday, reaching $1645.72. The company had a trading volume of 10,569 shares. NVR Inc. has a 1-year low of $1,462.02 and a 1-year high of $1,845.37. The firm has a market capitalization of $6.41 billion, a PE ratio of 16.99 and a beta of 0.50. The firm has a 50-day moving average of $1,680.40 and a 200 day moving average of $1,709.80.
NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, July 21st. The company reported $22.01 earnings per share for the quarter, missing analysts’ consensus estimates of $26.00 by $3.99. NVR had a return on equity of 32.00% and a net margin of 7.53%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Analysts expect that NVR Inc. will post $102.08 earnings per share for the current year.
A number of equities analysts recently issued reports on the company. Credit Suisse Group AG restated a “sell” rating on shares of NVR in a research note on Tuesday, July 12th. Zacks Investment Research lowered NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $1,713.50.
In other news, 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 transaction of $205,601.99. Following the sale, the director now owns 400 shares of the company’s stock, valued at $679,676. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $1,260,229.59. Following the sale, the director now directly owns 4,153 shares in the company, valued at approximately $7,179,332.63. The disclosure for this sale can be found here. 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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