George Oliver Acquires 63 Shares of NVR (NYSE:NVR) Stock

NVR, Inc. (NYSE:NVR) Director George Oliver purchased 63 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the transaction, the director owned 63 shares of the company’s stock, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

NVR Price Performance

NVR stock opened at $6,287.05 on Thursday. The firm has a 50 day moving average of $6,445.14 and a 200-day moving average of $6,672.10. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The firm has a market capitalization of $16.72 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 10.60 and a beta of 0.91.

NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating the consensus estimate of $0.90 by $83.06. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. NVR’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $108.54 earnings per share. As a group, sell-side analysts predict that NVR, Inc. will post 371.98 earnings per share for the current fiscal year.

Institutional Trading of NVR

Several institutional investors and hedge funds have recently made changes to their positions in NVR. Quadrant Capital Group LLC raised its stake in shares of NVR by 2.4% during the third quarter. Quadrant Capital Group LLC now owns 87 shares of the construction company’s stock worth $699,000 after acquiring an additional 2 shares in the last quarter. Vise Technologies Inc. lifted its holdings in shares of NVR by 0.8% in the 3rd quarter. Vise Technologies Inc. now owns 239 shares of the construction company’s stock worth $1,920,000 after acquiring an additional 2 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of NVR by 1.5% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 139 shares of the construction company’s stock valued at $1,117,000 after purchasing an additional 2 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of NVR by 0.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock valued at $3,099,000 after purchasing an additional 2 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of NVR by 3.9% during the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock valued at $387,000 after purchasing an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NVR in a report on Tuesday, August 4th. Zacks Research cut NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Truist Financial decreased their target price on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. UBS Group lowered their price target on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Finally, Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7,224.20.

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.