The Manufacturers Life Insurance Company Acquires Shares of 1,354 NVR, Inc. $NVR

The Manufacturers Life Insurance Company acquired a new position in shares of NVR, Inc. (NYSE:NVR) during the second quarter, Holdings Channel reports. The fund acquired 1,354 shares of the construction company’s stock, valued at approximately $9,225,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of NVR in the second quarter valued at about $2,004,324,000. Norges Bank bought a new stake in NVR in the 4th quarter worth about $311,496,000. Corient Private Wealth LLC increased its stake in NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after buying an additional 36,592 shares during the last quarter. First Trust Advisors LP lifted its position in shares of NVR by 879.9% during the 1st quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock worth $160,911,000 after buying an additional 21,926 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of NVR in the 2nd quarter worth approximately $120,488,000. Institutional investors own 83.67% of the company’s stock.

Insider Transactions at NVR

In other news, Director George Oliver bought 63 shares of the 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 directly owned 63 shares of the company’s stock, valued at $405,185.13. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NVR shares. BTIG Research set a $7,446.00 price target on NVR in a research report on Friday, July 24th. Weiss Ratings upgraded NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Zacks Research raised NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Bank of America lowered their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Truist Financial cut their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7,224.20.

NVR Price Performance

Shares of NYSE:NVR opened at $6,413.48 on Friday. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The firm has a market capitalization of $17.06 billion, a PE ratio of 16.63, a P/E/G ratio of 10.69 and a beta of 0.91. 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 company has a 50-day moving average price of $6,448.16 and a two-hundred day moving average price of $6,562.74.

NVR (NYSE:NVR) last issued its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the firm posted $108.54 EPS. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. Equities analysts forecast that NVR, Inc. will post 367.13 EPS for the current year.

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.