The Manufacturers Life Insurance Company acquired a new position in shares of NVR, Inc. (NYSE:NVR – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,354 shares of the construction company’s stock, valued at approximately $9,225,000. The Manufacturers Life Insurance Company owned 0.05% of NVR as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of NVR. Clearstead Trust LLC bought a new stake in NVR during the second quarter valued at $27,000. DV Equities LLC bought a new position in shares of NVR in the 4th quarter worth about $29,000. Strive Financial Group LLC acquired a new position in shares of NVR in the 4th quarter valued at about $29,000. Trust Co. of Vermont acquired a new position in shares of NVR in the 2nd quarter valued at about $34,000. Finally, Global Retirement Partners LLC bought a new stake in shares of NVR during the 2nd quarter valued at about $41,000. Institutional investors own 83.67% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have weighed in on NVR. Zacks Research upgraded NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. UBS Group reduced their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Finally, Truist Financial cut their target price on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus price target of $7,224.20.
Insider Buying and Selling at NVR
In other NVR news, Director George Oliver purchased 63 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director owned 63 shares in the company, valued at $405,185.13. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is owned by corporate insiders.
NVR Stock Performance
Shares of NVR stock opened at $6,413.48 on Friday. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $6,448.16 and a two-hundred day simple moving average of $6,562.74. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The firm has a market capitalization of $17.06 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 10.69 and a beta of 0.91.
NVR (NYSE:NVR – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period last year, the firm earned $108.54 earnings per share. Analysts forecast that NVR, Inc. will post 367.13 EPS for the current fiscal year.
About NVR
NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.
Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.
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