West Family Investments Inc. acquired a new stake in NVR, Inc. (NYSE:NVR – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 87 shares of the construction company’s stock, valued at approximately $593,000.
Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of NVR in the second quarter worth $2,004,324,000. Capital Research Global Investors lifted its holdings in shares of NVR by 0.4% during 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 boosted its position in shares of NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after buying an additional 56,576 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of 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 buying an additional 36,592 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of NVR during the fourth quarter valued at $311,496,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
NVR Stock Up 2.7%
NVR stock opened at $6,415.36 on Thursday. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The stock has a fifty day moving average of $6,452.70 and a 200 day moving average of $6,626.78. 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 stock has a market cap of $17.06 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 10.45 and a beta of 0.91.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on NVR. BTIG Research set a $7,446.00 target price on NVR in a research report on Friday, July 24th. UBS Group dropped 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. Zacks Research lowered shares of NVR from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Truist Financial decreased their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. Finally, Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7,224.20.
Read Our Latest Stock Analysis on NVR
Insider Activity
In other NVR news, Director George Oliver bought 63 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average cost 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 $405,185.13. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.60% of the company’s stock.
NVR Profile
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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