Danske Bank A S purchased a new position in NVR, Inc. (NYSE:NVR – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 364 shares of the construction company’s stock, valued at approximately $2,480,000.
Other institutional investors have also added to or reduced their stakes in the company. Clearstead Trust LLC purchased a new position in NVR during the second quarter valued at $27,000. DV Equities LLC purchased a new stake in shares of NVR in the 4th quarter worth about $29,000. Strive Financial Group LLC purchased a new stake in shares of NVR in the 4th quarter worth about $29,000. Trust Co. of Vermont bought a new position in shares of NVR in the 2nd quarter worth about $34,000. Finally, Oakworth Capital Inc. bought a new position in shares of NVR in the 4th quarter worth about $36,000. Institutional investors own 83.67% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on NVR shares. Zacks Research raised shares of NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Truist Financial decreased their target price on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. BTIG Research set a $7,446.00 target price on shares of NVR in a report on Friday, July 24th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings raised NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7,224.20.
NVR Price Performance
NYSE NVR opened at $6,362.57 on Friday. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The stock has a 50-day moving average of $6,448.99 and a 200 day moving average of $6,615.60. 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 capitalization of $16.92 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 10.53 and a beta of 0.91.
NVR (NYSE:NVR – Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $83.06. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $108.54 EPS. On average, sell-side analysts forecast that NVR, Inc. will post 366.98 EPS for the current year.
Insider Buying and Selling at NVR
In related 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 directly owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is owned by insiders.
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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