Capstone Investment Advisors LLC bought a new position in shares of NVR, Inc. (NYSE:NVR – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 87 shares of the construction company’s stock, valued at approximately $593,000.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in NVR in the 2nd quarter worth $2,004,324,000. Capital Research Global Investors boosted its stake 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 worth $973,979,000 after acquiring an additional 551 shares during the period. Corient Private Wealth LLC grew 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 worth $332,346,000 after purchasing an additional 36,592 shares in the last quarter. Norges Bank purchased a new stake in shares of NVR during the fourth quarter worth about $311,496,000. Finally, Capital World Investors raised its stake in NVR by 0.3% during the 4th 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 period. Hedge funds and other institutional investors own 83.67% of the company’s stock.
NVR Stock Performance
NYSE NVR opened at $6,413.48 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28. The business has a 50 day simple moving average of $6,448.16 and a two-hundred day simple moving average of $6,562.74. The stock has a market capitalization of $17.06 billion, a PE ratio of 16.63, a P/E/G ratio of 10.64 and a beta of 0.91.
Insider Transactions at NVR
In other NVR news, Director George Oliver acquired 63 shares of the stock in a transaction on Friday, August 7th. The stock was acquired 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 of the company’s stock, valued at $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is currently owned by insiders.
Analysts Set New Price Targets
NVR has been the subject of several recent analyst reports. BTIG Research set a $7,446.00 price target on NVR in a research note on Friday, July 24th. Zacks Research upgraded shares of NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Truist Financial lowered 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 report on Friday, July 24th. UBS Group dropped their target price 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. Finally, Bank of America reduced their price target on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7,224.20.
Check Out Our Latest Stock Report on NVR
NVR Company 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.
Featured Articles
- Five stocks we like better than NVR
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for NVR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR and related companies with MarketBeat.com's FREE daily email newsletter.
