NVR, Inc. $NVR Shares Purchased by National Pension Service

by · The Cerbat Gem

National Pension Service grew its stake in shares of NVR, Inc. (NYSE:NVR – Free Report) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,676 shares of the construction company’s stock after purchasing an additional 29 shares during the quarter. National Pension Service owned 0.19% of NVR worth $41,921,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. AdvisorNet Financial Inc purchased a new stake in shares of NVR during the 2nd quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in NVR in the 1st quarter worth approximately $36,000. Ridgewood Investments LLC grew its position in NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock valued at $36,000 after acquiring an additional 3 shares in the last quarter. SouthState Corp acquired a new stake in NVR in the first quarter valued at approximately $36,000. Finally, Blue Trust Inc. raised its stake in shares of NVR by 150.0% during the second quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In related news, Director Alexandra A. Jung sold 200 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the sale, the director owned 75 shares of the company’s stock, valued at $606,183. This trade represents a 72.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Devito bought 14 shares of NVR stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the purchase, the director directly owned 14 shares in the company, valued at $98,952.70. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

NVR has been the topic of several analyst reports. Bank of America dropped their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. JPMorgan Chase & Co. increased their target price on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group raised their price objective on shares of NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8,366.67.

Check Out Our Latest Analysis on NVR

NVR Stock Performance

Shares of NVR opened at $7,267.30 on Friday. The stock has a market capitalization of $20.63 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 9.94 and a beta of 0.93. The business’s fifty day moving average price is $7,753.02 and its 200 day moving average price is $7,613.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,376.75.

NVR (NYSE:NVR – Get Free Report) last released its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating the consensus estimate of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.81%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the firm earned $130.50 earnings per share. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

About NVR

(Free Report)

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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