Royal London Asset Management Ltd. reduced its position in shares of NVR, Inc. (NYSE:NVR – Free Report) by 38.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,329 shares of the construction company’s stock after selling 830 shares during the period. Royal London Asset Management Ltd.’s holdings in NVR were worth $9,055,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of NVR in the second quarter valued at approximately $2,004,324,000. Capital Research Global Investors increased its holdings in NVR by 0.4% during the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock worth $973,979,000 after buying an additional 551 shares during the last quarter. Corient Private Wealth LLC increased its holdings in 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 buying an additional 36,592 shares during the last quarter. Norges Bank bought a new stake in NVR in the fourth quarter worth about $311,496,000. Finally, Capital World Investors raised its position in NVR by 0.3% in the fourth quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock worth $296,838,000 after acquiring an additional 127 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
NVR Stock Performance
NYSE NVR opened at $6,311.96 on Tuesday. The company’s 50 day moving average is $6,447.25 and its 200-day moving average is $6,540.84. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The firm has a market cap of $16.79 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 10.69 and a beta of 0.91.
Insider Transactions at NVR
In related news, Director George Oliver bought 63 shares of the company’s stock in a transaction on Friday, August 7th. The shares were purchased 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. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.60% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research firms recently commented on NVR. Zacks Research raised shares of NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Bank of America lowered their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Weiss Ratings raised NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, NVR has an average rating of “Hold” and a consensus target price of $7,224.20.
Read Our Latest Research Report on NVR
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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