Legal & General Group Plc Purchases Shares of 18,517 NVR, Inc. $NVR

Legal & General Group Plc purchased a new position in NVR, Inc. (NYSE:NVR) during the 2nd quarter, Holdings Channel reports. The firm purchased 18,517 shares of the construction company’s stock, valued at approximately $126,164,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Trust LLC acquired a new stake in NVR during the second quarter worth about $27,000. DV Equities LLC bought a new position in NVR during the fourth quarter valued at about $29,000. Strive Financial Group LLC acquired a new position in NVR in the 4th quarter valued at approximately $29,000. Trust Co. of Vermont acquired a new position in NVR in the 2nd quarter valued at approximately $34,000. Finally, Global Retirement Partners LLC bought a new stake in shares of NVR in the 2nd quarter worth approximately $41,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

NYSE:NVR opened at $6,361.72 on Friday. The firm has a market capitalization of $16.92 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 10.64 and a beta of 0.91. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The firm has a 50-day moving average price of $6,449.51 and a 200 day moving average price of $6,563.79.

NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the business earned $108.54 earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. Research analysts anticipate that NVR, Inc. will post 367.13 earnings per share for the current fiscal year.

Insider Activity at NVR

In related news, Director George Oliver bought 63 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the transaction, the director directly owned 63 shares of the company’s stock, valued at $405,185.13. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Truist Financial decreased their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. BTIG Research set a $7,446.00 price target on shares of NVR in a research note on Friday, July 24th. Finally, Weiss Ratings upgraded shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.