iSAM Funds UK Ltd Takes $2.84 Million Position in NVR, Inc. $NVR

iSAM Funds UK Ltd acquired a new stake in NVR, Inc. (NYSE:NVR) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 385 shares of the construction company’s stock, valued at approximately $2,843,000. NVR accounts for about 0.6% of iSAM Funds UK Ltd’s holdings, making the stock its 22nd biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV lifted its position in shares of NVR by 0.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company’s stock worth $2,796,000 after buying an additional 2 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of NVR by 4.2% in the 1st quarter. Baird Financial Group Inc. now owns 50 shares of the construction company’s stock valued at $362,000 after acquiring an additional 2 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of NVR by 6.5% in the 2nd quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock valued at $244,000 after acquiring an additional 2 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in NVR by 4.2% in the 2nd quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock worth $369,000 after purchasing an additional 2 shares during the last quarter. Finally, Evergreen Wealth Management LLC boosted its position in NVR by 1.9% during the second quarter. Evergreen Wealth Management LLC now owns 109 shares of the construction company’s stock worth $801,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito bought 14 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the purchase, the director directly owned 14 shares in the company, valued at $98,952.70. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NVR has been the topic of several analyst reports. Bank of America lowered their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. BTIG Research assumed coverage on shares of NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, UBS Group upped their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, NVR presently has an average rating of “Moderate Buy” and a consensus price target of $8,530.50.

NVR Trading Down 1.3%

Shares of NVR stock opened at $7,443.09 on Tuesday. The firm has a market capitalization of $21.14 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 10.16 and a beta of 1.00. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,127.45. The firm’s fifty day simple moving average is $7,504.16 and its 200 day simple moving average is $7,646.20. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, beating the consensus estimate of $107.88 by $4.45. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a return on equity of 35.89% and a net margin of 14.00%.The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $130.50 EPS. As a group, sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

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.