Global Retirement Partners LLC Invests $318,000 in NVR, Inc. $NVR

Global Retirement Partners LLC bought a new stake in shares of NVR, Inc. (NYSE:NVR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43 shares of the construction company’s stock, valued at approximately $318,000.

Other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc purchased a new stake in shares of NVR during the 2nd quarter valued at $30,000. SouthState Corp purchased a new position in NVR during the 1st quarter worth $36,000. Blue Trust Inc. increased its position in NVR by 150.0% during the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after buying an additional 3 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in NVR during the 1st quarter valued at about $43,000. Finally, Assetmark Inc. raised its stake in NVR by 50.0% in the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Down 0.8%

Shares of NVR stock opened at $7,507.29 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The firm has a fifty day moving average price of $7,558.72 and a 200 day moving average price of $7,631.56. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,280.15. The stock has a market cap of $21.31 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 9.94 and a beta of 0.93.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.54 billion. NVR had a return on equity of 35.81% and a net margin of 14.00%.The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the business posted $130.50 EPS. Equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NVR. Bank of America dropped their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. UBS Group upped their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8,366.67.

Insiders Place Their Bets

In related news, Director Michael J. Devito purchased 14 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the acquisition, the director owned 14 shares of the company’s stock, valued at $98,952.70. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.00% of the company’s stock.

NVR Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.