Pacer Advisors Inc. Increases Position in NVR, Inc. $NVR

Pacer Advisors Inc. grew its position in shares of NVR, Inc. (NYSE:NVR) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,028 shares of the construction company’s stock after purchasing an additional 367 shares during the period. Pacer Advisors Inc. owned approximately 0.36% of NVR worth $73,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NVR. Murphy Middleton Hinkle & Parker Inc. purchased a new position in NVR in the fourth quarter valued at $11,610,000. Alberta Investment Management Corp acquired a new position in NVR during the 3rd quarter worth $4,017,000. American Century Companies Inc. increased its holdings in NVR by 17.0% during the 3rd quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock worth $51,181,000 after purchasing an additional 925 shares during the period. Marshfield Associates increased its holdings in NVR by 4.7% during the 3rd quarter. Marshfield Associates now owns 25,042 shares of the construction company’s stock worth $201,204,000 after purchasing an additional 1,130 shares during the period. Finally, SG Americas Securities LLC raised its position in NVR by 669.5% in the 4th quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock valued at $30,863,000 after purchasing an additional 3,682 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NVR. BTIG Research reiterated a “buy” rating and issued a $8,096.00 price objective on shares of NVR in a research note on Wednesday, April 22nd. Bank of America cut their target price on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group decreased their price target on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, NVR has an average rating of “Hold” and a consensus target price of $7,649.33.

NVR Stock Up 3.3%

NVR stock opened at $6,480.86 on Friday. The stock has a market cap of $17.50 billion, a PE ratio of 15.80, a P/E/G ratio of 4.62 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. The stock’s fifty day moving average is $6,292.19 and its two-hundred day moving average is $6,945.85. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the company posted $94.83 earnings per share. The company’s revenue was down 21.7% compared to the same quarter last year. On average, sell-side analysts expect that NVR, Inc. will post 375.15 EPS for the current fiscal year.

Insider Transactions at NVR

In other NVR news, Director Michael J. Devito purchased 11 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the acquisition, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. This trade represents a 78.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by company insiders.

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.