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

West Family Investments Inc. bought a new stake in NVR, Inc. (NYSE:NVR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 87 shares of the construction company’s stock, valued at approximately $593,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVR. Brighton Jones LLC grew its position in NVR by 68.9% during 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 during the last quarter. Woodline Partners LP raised its holdings in NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after buying an additional 56 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in NVR by 100.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after buying an additional 5 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of NVR by 7.9% during the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock worth $3,021,000 after purchasing an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in NVR by 3.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock worth $3,316,000 after buying an additional 16 shares during the period. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. BTIG Research set a $7,446.00 price target on shares of NVR in a research report on Friday, July 24th. UBS Group cut 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. Truist Financial cut their target price 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. Zacks Research raised shares of NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7,224.20.

NVR Trading Down 2.6%

Shares of NVR stock opened at $6,134.18 on Wednesday. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,563.79. The stock has a fifty day moving average price of $6,393.67 and a 200-day moving average price of $6,481.58. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The firm has a market cap of $16.32 billion, a PE ratio of 15.91, a P/E/G ratio of 10.53 and a beta of 0.91.

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

Insider Transactions at NVR

In other news, Director George Oliver acquired 63 shares of the stock in a transaction that occurred 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 owned 63 shares of the company’s stock, valued at approximately $405,185.13. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.