Van ECK Associates Corp reduced its stake in shares of NVR, Inc. (NYSE:NVR – Free Report) by 17.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 554 shares of the construction company’s stock after selling 114 shares during the period. Van ECK Associates Corp’s holdings in NVR were worth $3,775,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in NVR by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock worth $3,099,000 after buying an additional 2 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs raised its position in NVR by 1.6% in the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock valued at $926,000 after buying an additional 2 shares during the last quarter. Ballentine Partners LLC lifted its stake in NVR by 4.9% during the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock valued at $314,000 after acquiring an additional 2 shares in the last quarter. International Assets Investment Management LLC lifted its stake in NVR by 3.9% during the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock valued at $387,000 after acquiring an additional 2 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in NVR by 28.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock worth $67,000 after acquiring an additional 2 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on NVR. Bank of America reduced their target price on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Truist Financial cut their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. BTIG Research set a $7,446.00 price objective on shares of NVR in a research report on Friday, July 24th. Weiss Ratings upgraded shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Finally, UBS Group cut their price target on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, NVR currently has a consensus rating of “Hold” and a consensus price target of $7,224.20.
NVR Trading Up 0.8%
NYSE:NVR opened at $6,380.12 on Friday. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The stock’s fifty day moving average price is $6,427.61 and its two-hundred day moving average price is $6,507.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The company has a market cap of $16.97 billion, a P/E ratio of 16.55, a P/E/G ratio of 10.57 and a beta of 0.91.
NVR (NYSE:NVR – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the company earned $108.54 earnings per share. NVR’s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, analysts expect that NVR, Inc. will post 367.13 EPS for the current year.
Insider Buying and Selling at NVR
In other NVR news, Director George Oliver acquired 63 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the transaction, the director owned 63 shares of the company’s stock, valued at approximately $405,185.13. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.60% of the company’s stock.
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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