Norges Bank Takes Position in NVR, Inc. $NVR

Norges Bank acquired a new stake in NVR, Inc. (NYSE:NVR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,347 shares of the construction company’s stock, valued at approximately $268,447,000. Norges Bank owned 1.27% of NVR at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 31 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of NVR by 2.0% during the 1st quarter. Cetera Investment Advisers now owns 256 shares of the construction company’s stock worth $1,855,000 after buying an additional 5 shares during the last quarter. LPL Financial LLC raised its position in shares of NVR by 0.8% during the 1st quarter. LPL Financial LLC now owns 483 shares of the construction company’s stock valued at $3,495,000 after buying an additional 4 shares during the period. Banque Cantonale Vaudoise acquired a new position in NVR in the first quarter valued at approximately $268,000. Finally, IFG Advisory LLC lifted its holdings in NVR by 7.4% in the first quarter. IFG Advisory LLC now owns 262 shares of the construction company’s stock valued at $1,898,000 after acquiring an additional 18 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on NVR. Bank of America reduced their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, UBS Group upped their target price on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8,366.67.

NVR Price Performance

NVR stock opened at $7,507.29 on Monday. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $21.31 billion, a PE ratio of 16.48, a P/E/G ratio of 9.94 and a beta of 0.93. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,280.15. The business’s fifty day moving average price is $7,558.72 and its 200 day moving average price is $7,631.56.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a return on equity of 35.81% and a net margin of 14.00%.NVR’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the business posted $130.50 EPS. On average, sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito bought 14 shares of the business’s stock in a transaction that occurred 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 purchase, the director directly owned 14 shares in the company, valued at approximately $98,952.70. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.00% of the stock is currently owned by insiders.

NVR Profile

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.