Wealthfront Advisers LLC Raises Stock Position in NVR, Inc. $NVR

Wealthfront Advisers LLC increased its position in NVR, Inc. (NYSE:NVR) by 37.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 277 shares of the construction company’s stock after acquiring an additional 76 shares during the period. Wealthfront Advisers LLC’s holdings in NVR were worth $2,046,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc purchased a new position in NVR in the second quarter worth about $30,000. Olde Wealth Management LLC purchased a new stake in shares of NVR during the 1st quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of NVR in the 1st quarter worth approximately $36,000. Ridgewood Investments LLC boosted its holdings in shares of NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after buying an additional 3 shares during the last quarter. Finally, SouthState Corp purchased a new position in shares of NVR in the first quarter worth approximately $36,000. Institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on NVR shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. UBS Group upped their price objective on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. upped their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Bank of America lowered their price objective on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8,366.67.

NVR Stock Down 1.3%

Shares of NVR stock opened at $7,238.04 on Friday. The company’s fifty day simple moving average is $7,964.47 and its two-hundred day simple moving average is $7,607.13. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,527.85. The stock has a market cap of $20.77 billion, a P/E ratio of 15.89, a PEG ratio of 9.94 and a beta of 0.94. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the business posted $130.50 earnings per share. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. Analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the sale, the director owned 386 shares of the company’s stock, valued at $3,030,208.08. The trade was a 24.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the sale, the director directly owned 75 shares in the company, valued at $606,183. This trade represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 975 shares of company stock worth $7,869,360 in the last quarter. 7.00% of the stock is owned by corporate insiders.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.