Bank of New York Mellon Corp boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,834 shares of the construction company’s stock after buying an additional 1,216 shares during the period. Bank of New York Mellon Corp owned 1.20% of NVR worth $94,459,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of NVR. Huntington National Bank raised its stake in shares of NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock valued at $120,000 after buying an additional 53 shares during the last quarter. Independent Advisor Alliance acquired a new position in NVR during the fourth quarter valued at approximately $126,000. James Investment Research Inc. acquired a new position in NVR during the first quarter valued at approximately $158,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in NVR by 13.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116 shares of the construction company’s stock valued at $190,000 after buying an additional 14 shares during the period. Finally, WASHINGTON TRUST Co acquired a new position in NVR during the first quarter valued at approximately $211,000. Hedge funds and other institutional investors own 80.47% of the company’s stock.
NVR, Inc. (NVR) opened at 2349.38 on Tuesday. The stock has a market cap of $8.80 billion, a PE ratio of 20.78 and a beta of 0.56. NVR, Inc. has a 52-week low of $1,478.04 and a 52-week high of $2,368.66. The firm has a 50 day moving average of $2,203.02 and a 200-day moving average of $1,931.48.
NVR has been the topic of several research reports. Zelman & Associates cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Zacks Investment Research cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Finally, BTIG Research began coverage on shares of NVR in a research report on Tuesday, February 7th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. NVR currently has a consensus rating of “Hold” and a consensus price target of $2,187.00. In other news, CEO Paul C. Saville sold 3,884 shares of the stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $2,095.08, for a total value of $8,137,290.72. Following the completion of the sale, the chief executive officer now directly owns 120,292 shares of the company’s stock, valued at $252,021,363.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Williamson Ross acquired 30 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average cost of $2,253.43 per share, with a total value of $67,602.90. Following the completion of the acquisition, the director now directly owns 30 shares of the company’s stock, valued at approximately $67,602.90. The disclosure for this purchase can be found here. Insiders sold 18,257 shares of company stock valued at $39,023,767 over the last three months. Corporate insiders own 10.20% of the company’s stock.
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