Saudi Central Bank Grows Position in NVR, Inc. $NVR

Saudi Central Bank increased its position in NVR, Inc. (NYSE:NVR) by 85.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185 shares of the construction company’s stock after buying an additional 85 shares during the quarter. Saudi Central Bank’s holdings in NVR were worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AG2R LA Mondiale Gestion D Actifs grew its holdings in NVR by 1.6% in the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock worth $926,000 after acquiring an additional 2 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of NVR by 4.9% during the fourth quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock valued at $314,000 after acquiring an additional 2 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of NVR by 3.9% during the fourth quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after purchasing an additional 2 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of NVR by 28.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock worth $67,000 after purchasing an additional 2 shares during the last quarter. Finally, Motley Fool Asset Management LLC increased its holdings in NVR by 4.3% during the 4th quarter. Motley Fool Asset Management LLC now owns 49 shares of the construction company’s stock valued at $357,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NVR shares. Zacks Research upgraded NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Truist Financial reduced their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Bank of America reduced their price target on shares of 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. BTIG Research set a $7,446.00 price target on shares of NVR in a research note on Friday, July 24th. Finally, Weiss Ratings raised NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $7,224.20.

NVR Stock Down 2.6%

NVR stock opened at $6,134.18 on Wednesday. The business has a 50 day moving average of $6,393.67 and a 200 day moving average of $6,481.58. The firm has a market cap of $16.32 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 10.53 and a beta of 0.91. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,563.79. 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 (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $108.54 earnings per share. On average, research analysts forecast that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Insider Transactions at NVR

In other NVR news, Director George Oliver bought 63 shares of the business’s stock in a transaction on Friday, August 7th. The shares were acquired at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.60% of the company’s stock.

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.