Arrowstreet Capital Limited Partnership Sells 6,443 Shares of NVR, Inc. $NVR

Arrowstreet Capital Limited Partnership decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 55.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,128 shares of the construction company’s stock after selling 6,443 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in NVR were worth $37,874,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito purchased 14 shares of the stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the purchase, the director owned 14 shares of the company’s stock, valued at approximately $98,952.70. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.00% of the company’s stock.

NVR Stock Up 0.1%

NYSE:NVR opened at $7,528.25 on Friday. The stock has a 50-day simple moving average of $7,517.24 and a 200 day simple moving average of $7,636.43. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,127.45. The company has a market cap of $21.38 billion, a PE ratio of 16.52, a PEG ratio of 10.13 and a beta of 1.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.16 and a current ratio of 5.96.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. NVR had a return on equity of 35.89% and a net margin of 14.00%.The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the firm posted $130.50 EPS. The business’s revenue was down 4.5% on a year-over-year basis. On average, sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group upped their target price 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. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. BTIG Research began coverage on NVR in a report on Monday. They set a “buy” rating and a $9,022.00 target price on the stock. Finally, Bank of America lowered their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8,530.50.

About NVR

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.