Deutsche Bank AG Makes New $120.49 Million Investment in NVR, Inc. $NVR

Deutsche Bank AG acquired a new position in shares of NVR, Inc. (NYSE:NVRFree Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,684 shares of the construction company’s stock, valued at approximately $120,488,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors grew its holdings in shares of NVR by 0.4% in the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after purchasing an additional 551 shares in the last quarter. M&T Bank Corp increased its position in NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after purchasing an additional 56,576 shares during the last quarter. Corient Private Wealth LLC raised its stake in NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after purchasing an additional 36,592 shares in the last quarter. Norges Bank purchased a new stake in NVR during the fourth quarter valued at $311,496,000. Finally, Capital World Investors lifted its position in NVR by 0.3% during the fourth quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock valued at $296,838,000 after purchasing an additional 127 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVR

In related news, Director George Oliver bought 63 shares of the stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the purchase, the director owned 63 shares of the company’s stock, valued at $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BTIG Research set a $7,446.00 price objective on shares of NVR in a research note on Friday, July 24th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. UBS Group dropped their price target on 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. Finally, Zacks Research cut NVR from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, NVR has an average rating of “Hold” and a consensus target price of $7,224.20.

View Our Latest Research Report on NVR

NVR Trading Up 2.7%

Shares of NYSE NVR opened at $6,415.36 on Thursday. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The company has a market cap of $17.06 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 10.45 and a beta of 0.91. The business’s 50 day moving average price is $6,452.70 and its 200-day moving average price is $6,626.78.

NVR (NYSE:NVRGet Free Report) last announced 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 return on equity of 31.02% and a net margin of 12.26%.The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the company posted $108.54 EPS. NVR’s quarterly revenue was down 10.5% on a year-over-year basis. On average, sell-side analysts expect that NVR, Inc. will post 366.98 earnings per share for the current year.

NVR Company Profile

(Free Report)

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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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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