Piedmont Investment Advisors Inc. purchased a new stake in shares of NVR, Inc. (NYSE:NVR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 229 shares of the construction company’s stock, valued at approximately $566,000.
Several other hedge funds have also made changes to their positions in NVR. Advisors Asset Management Inc. lifted its stake in shares of NVR by 150,961.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 335,356 shares of the construction company’s stock valued at $487,000 after buying an additional 335,134 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of NVR during the 3rd quarter valued at approximately $35,614,000. Altman Advisors Inc. lifted its stake in shares of NVR by 1,518.3% during the 2nd quarter. Altman Advisors Inc. now owns 8,496 shares of the construction company’s stock valued at $2,013,000 after buying an additional 7,971 shares in the last quarter. Investec Asset Management LTD purchased a new stake in shares of NVR during the 2nd quarter valued at approximately $21,669,000. Finally, Natixis lifted its stake in shares of NVR by 793.0% during the 2nd quarter. Natixis now owns 7,510 shares of the construction company’s stock valued at $22,307,000 after buying an additional 6,669 shares in the last quarter. Institutional investors own 77.99% of the company’s stock.
A number of analysts recently commented on NVR shares. Zacks Investment Research cut shares of NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Bank of America lowered shares of NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 target price on the stock. in a report on Thursday, October 18th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $2,410.00 target price (down previously from $3,780.00) on shares of NVR in a report on Friday, October 19th. ValuEngine lowered shares of NVR from a “sell” rating to a “strong sell” rating in a report on Friday, September 28th. Finally, MKM Partners decreased their target price on shares of NVR to $3,100.00 and set a “neutral” rating on the stock in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $3,104.33.
NVR stock opened at $2,482.54 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 3.74. The company has a market cap of $8.97 billion, a P/E ratio of 17.54, a PEG ratio of 0.96 and a beta of 0.62. NVR, Inc. has a 1-year low of $2,040.71 and a 1-year high of $3,700.00.
NVR (NYSE:NVR) last posted its earnings results on Thursday, October 18th. The construction company reported $48.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $50.94 by ($2.66). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. NVR had a return on equity of 47.30% and a net margin of 10.10%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the company posted $38.02 EPS. Research analysts expect that NVR, Inc. will post 185.25 EPS for the current year.
NVR declared that its Board of Directors has approved a share buyback program on Wednesday, August 1st that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by WKRB News and is the property of of WKRB News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.wkrb13.com/2018/11/23/229-shares-in-nvr-inc-nvr-purchased-by-piedmont-investment-advisors-inc.html.
NVR Company Profile
NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.
Featured Article: How to read a candlestick chart
Receive News & Ratings for NVR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR and related companies with MarketBeat.com's FREE daily email newsletter.