Corient Private Wealth LP Purchases Shares of 8,613 NVR, Inc. $NVR

Corient Private Wealth LP acquired a new position in NVR, Inc. (NYSE:NVR) during the 2nd quarter, HoldingsChannel reports. The fund acquired 8,613 shares of the construction company’s stock, valued at approximately $58,677,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings 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 raised its position in shares of NVR by 3.9% in the fourth quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after acquiring an additional 2 shares during the period. Ballentine Partners LLC raised its position in shares of NVR by 4.9% in the fourth quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock worth $314,000 after acquiring an additional 2 shares during the period. AG2R LA Mondiale Gestion D Actifs boosted its stake in shares of NVR by 1.6% during the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock worth $926,000 after acquiring an additional 2 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of NVR by 28.6% during 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 during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity

In other news, Director George Oliver purchased 63 shares of the stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director owned 63 shares in the company, valued at $405,185.13. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.60% of the stock is owned by company insiders.

NVR Price Performance

Shares of NYSE NVR opened at $6,361.72 on Friday. The firm has a 50-day simple moving average of $6,449.51 and a 200-day simple moving average of $6,563.79. 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 stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 10.64 and a beta of 0.91. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping 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 firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business posted $108.54 earnings per share. NVR’s quarterly revenue was down 10.5% on a year-over-year basis. On average, equities analysts predict that NVR, Inc. will post 367.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NVR. Bank of America cut 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. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group cut their price objective on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Zacks Research raised NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings upgraded NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7,224.20.

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.