Berkshire Hathaway Inc Makes New Investment in NVR, Inc. $NVR

Berkshire Hathaway Inc purchased a new position in NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,112 shares of the construction company’s stock, valued at approximately $75,711,000. NVR comprises 0.0% of Berkshire Hathaway Inc’s investment portfolio, making the stock its 24th largest position. Berkshire Hathaway Inc owned about 0.42% of NVR as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in NVR by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock worth $3,099,000 after buying an additional 2 shares in the last quarter. International Assets Investment Management LLC increased its stake in NVR by 3.9% during the fourth quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock valued at $387,000 after acquiring an additional 2 shares during the period. Ballentine Partners LLC raised its holdings in NVR by 4.9% in the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock valued at $314,000 after acquiring an additional 2 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs raised 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 valued at $926,000 after acquiring an additional 2 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in NVR by 28.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock valued at $67,000 after acquiring an additional 2 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR stock opened at $6,365.53 on Thursday. The stock’s fifty day simple moving average is $6,451.89 and its 200 day simple moving average is $6,575.30. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 10.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24.

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

Wall Street Analysts Forecast Growth

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. Bank of America cut their target price 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. Weiss Ratings raised NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, BTIG Research set a $7,446.00 price target on shares of NVR in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7,224.20.

Insider Buying and Selling at NVR

In other news, Director George Oliver bought 63 shares of the stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.