Commonwealth Bank of Australia Increases Position in NVR, Inc. (NVR)

Commonwealth Bank of Australia raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 100.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 200 shares of the construction company’s stock after buying an additional 100 shares during the period. Commonwealth Bank of Australia’s holdings in NVR were worth $570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVR. Prudential Financial Inc. raised its stake in shares of NVR by 16.0% during the second quarter. Prudential Financial Inc. now owns 40,440 shares of the construction company’s stock valued at $97,485,000 after acquiring an additional 5,580 shares during the last quarter. Birinyi Associates Inc. bought a new position in NVR in the second quarter worth about $1,005,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in NVR by 1.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 42,434 shares of the construction company’s stock worth $102,292,000 after buying an additional 683 shares in the last quarter. Andra AP fonden bought a new position in NVR in the second quarter worth about $4,797,000. Finally, Pacer Advisors Inc. raised its stake in NVR by 18.2% in the second quarter. Pacer Advisors Inc. now owns 577 shares of the construction company’s stock worth $1,391,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 78.48% of the company’s stock.

Shares of NVR, Inc. (NYSE NVR) traded down $26.68 during mid-day trading on Thursday, reaching $3,373.84. 29,900 shares of the company traded hands, compared to its average volume of 28,277. The company has a quick ratio of 1.44, a current ratio of 3.60 and a debt-to-equity ratio of 0.36. NVR, Inc. has a 52 week low of $1,604.00 and a 52 week high of $3,509.88. The stock has a market capitalization of $12,717.46, a PE ratio of 24.98, a P/E/G ratio of 1.35 and a beta of 0.75.

NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, October 19th. The construction company reported $38.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $35.77 by $2.25. NVR had a net margin of 9.22% and a return on equity of 38.23%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm earned $28.46 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. analysts predict that NVR, Inc. will post 147.66 EPS for the current year.

A number of research firms recently issued reports on NVR. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. MKM Partners reaffirmed a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. UBS assumed coverage on shares of NVR in a research note on Wednesday, October 25th. They set a “neutral” rating and a $3,450.00 target price for the company. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $3,111.75.

In related news, Director Timothy M. Donahue sold 326 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $3,266.87, for a total transaction of $1,064,999.62. Following the completion of the transaction, the director now owns 844 shares in the company, valued at approximately $2,757,238.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William A. Moran sold 4,949 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $3,261.99, for a total transaction of $16,143,588.51. Following the completion of the sale, the director now directly owns 26,085 shares in the company, valued at $85,089,009.15. The disclosure for this sale can be found here. 11.30% of the stock is owned by company insiders.

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About NVR

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).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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