West Family Investments Inc. Purchases Shares of 87 NVR, Inc. $NVR

West Family Investments Inc. purchased a new position in NVR, Inc. (NYSE:NVR) in the second quarter, HoldingsChannel.com reports. The firm purchased 87 shares of the construction company’s stock, valued at approximately $593,000.

A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares in the last quarter. Woodline Partners LP raised its position in shares of NVR by 28.4% during the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of NVR by 100.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after purchasing an additional 5 shares during the period. Cerity Partners LLC lifted its stake in shares of NVR by 7.9% during the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after buying an additional 30 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of NVR by 3.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after buying an additional 16 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Trading Up 2.7%

Shares of NVR stock opened at $6,415.36 on Thursday. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $6,452.70 and a 200-day moving average price of $6,626.78. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 10.45 and a beta of 0.91.

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, beating the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business posted $108.54 EPS. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. Equities research analysts anticipate that NVR, Inc. will post 366.98 EPS for the current fiscal year.

Analysts Set New Price Targets

NVR has been the subject of several recent analyst reports. BTIG Research set a $7,446.00 target price on shares of NVR in a report on Friday, July 24th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of NVR in a report on Tuesday, August 4th. Bank of America dropped their price target on NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, Truist Financial cut their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7,224.20.

Insider Activity at NVR

In other news, Director George Oliver bought 63 shares of the stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the transaction, the director owned 63 shares of the company’s stock, valued at $405,185.13. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.60% of the company’s stock.

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.