Paralel Advisors LLC Invests $2.39 Million in NVR, Inc. $NVR

Paralel Advisors LLC purchased a new stake in shares of NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 351 shares of the construction company’s stock, valued at approximately $2,392,000.

Several other large investors have also recently modified their holdings of NVR. BlackRock Inc. purchased a new position in NVR in the second quarter worth about $2,004,324,000. Capital Research Global Investors increased its position in shares of NVR by 0.4% during the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after acquiring an additional 551 shares in the last quarter. Corient Private Wealth LLC increased 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 valued at $332,346,000 after acquiring an additional 36,592 shares in the last quarter. Norges Bank purchased a new position in NVR in the 4th quarter worth approximately $311,496,000. Finally, Capital World Investors raised its holdings in NVR by 0.3% in the 4th 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 last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

NVR opened at $6,309.44 on Friday. The company’s 50 day moving average is $6,449.49 and its 200 day moving average is $6,617.38. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The company has a market cap of $16.78 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 10.73 and a beta of 0.91. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $83.06. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the firm earned $108.54 earnings per share. On average, equities research analysts predict that NVR, Inc. will post 366.98 EPS for the current year.

Insider Activity at NVR

In related news, Director George Oliver bought 63 shares of the firm’s 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 owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research cut NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. UBS Group decreased their target price on 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. Bank of America lowered their target price on shares of 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, Truist Financial reduced their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7,224.20.

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.