NVR (NYSE:NVR) Director Buys $405,185.13 in Stock

NVR, Inc. (NYSE:NVR) Director George Oliver bought 63 shares of NVR stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director directly owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NVR Stock Up 1.3%

Shares of NVR opened at $6,378.62 on Friday. The firm has a market cap of $16.97 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 10.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The firm’s 50-day simple moving average is $6,449.03 and its 200 day simple moving average is $6,663.09.

NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the business posted $108.54 earnings per share. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, analysts forecast that NVR, Inc. will post 371.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial dropped their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NVR in a research report on Tuesday, August 4th. Bank of America reduced their price target on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, BTIG Research set a $7,446.00 price target on NVR in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7,224.20.

Institutional Investors Weigh In On NVR

Several large investors have recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares during the period. Woodline Partners LP grew its holdings in NVR by 28.4% during the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after acquiring an additional 56 shares during the period. EverSource Wealth Advisors LLC grew its holdings in NVR by 100.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock worth $75,000 after acquiring an additional 5 shares during the period. Cerity Partners LLC grew its holdings in NVR by 7.9% during the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock worth $3,021,000 after acquiring an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of NVR by 3.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after purchasing an additional 16 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.