Arizona State Retirement System held its position in NVR Inc. (NYSE:NVR) during the third quarter, Holdings Channel reports. The fund owned 1,600 shares of the company’s stock at the end of the third quarter. Arizona State Retirement System’s holdings in NVR were worth $2,624,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Mutual of America Capital Management LLC increased its position in NVR by 0.6% in the third quarter. Mutual of America Capital Management LLC now owns 2,921 shares of the company’s stock valued at $4,790,000 after buying an additional 18 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its position in shares of NVR by 2.0% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 500 shares of the company’s stock valued at $820,000 after buying an additional 10 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of NVR by 17.8% in the third quarter. Wells Fargo & Company MN now owns 14,330 shares of the company’s stock valued at $23,499,000 after buying an additional 2,163 shares in the last quarter. Capital Fund Management S.A. boosted its position in shares of NVR by 47.1% in the third quarter. Capital Fund Management S.A. now owns 403 shares of the company’s stock valued at $661,000 after buying an additional 129 shares in the last quarter. Finally, World Asset Management Inc boosted its position in shares of NVR by 28.0% in the third quarter. World Asset Management Inc now owns 256 shares of the company’s stock valued at $420,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 82.11% of the company’s stock.
NVR Inc. (NYSE:NVR) opened at 1601.00 on Friday. The company’s 50-day moving average is $1,563.83 and its 200 day moving average is $1,667.52. NVR Inc. has a 52 week low of $1,462.02 and a 52 week high of $1,845.37. The stock has a market cap of $6.07 billion, a PE ratio of 16.31 and a beta of 0.51.
NVR (NYSE:NVR) last posted its earnings results on Thursday, October 20th. The company reported $28.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $29.46 by $1.00. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.56 billion. NVR had a net margin of 7.36% and a return on equity of 31.70%. NVR’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $27.11 EPS. On average, analysts expect that NVR Inc. will post $99.23 earnings per share for the current fiscal year.
Several brokerages recently commented on NVR. Zacks Investment Research cut shares of NVR from a “hold” rating to a “sell” rating in a research note on Tuesday, October 25th. Wells Fargo & Co. began coverage on shares of NVR in a research note on Wednesday, September 28th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $1,713.50.
In other NVR news, Director David A. Preiser sold 600 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $1,504.33, for a total transaction of $902,598.00. Following the transaction, the director now owns 271 shares in the company, valued at approximately $407,673.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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).