Summit Global Investments Takes Position in NVR, Inc. $NVR

Summit Global Investments bought a new stake in shares of NVR, Inc. (NYSE:NVR) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 87 shares of the construction company’s stock, valued at approximately $699,000.

Several other large investors have also added to or reduced their stakes in NVR. Blue Trust Inc. boosted its holdings in shares of NVR by 150.0% during the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock worth $37,000 after buying an additional 3 shares in the last quarter. Assetmark Inc. lifted its position in shares of NVR by 50.0% during 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. State of Wyoming bought a new position in NVR during the second quarter worth $44,000. CYBER HORNET ETFs LLC acquired a new stake in NVR in the second quarter worth $59,000. Finally, Financial Gravity Companies Inc. bought a new stake in NVR in the second quarter valued at $66,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Up 0.3%

NVR opened at $7,644.48 on Friday. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $8,618.28. The firm has a market capitalization of $21.71 billion, a P/E ratio of 17.48, a PEG ratio of 2.54 and a beta of 1.01. The company’s 50-day moving average is $7,490.93 and its 200 day moving average is $7,693.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.16.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating the consensus estimate of $105.42 by $16.12. NVR had a net margin of 13.27% and a return on equity of 34.28%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business posted $139.93 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. Research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Transactions at NVR

In other NVR news, Director Michael J. Devito bought 14 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was purchased at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the transaction, the director directly owned 14 shares in the company, valued at $98,952.70. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NVR shares. UBS Group reissued a “neutral” rating and set a $8,350.00 price objective on shares of NVR in a research report on Thursday. 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. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Finally, BTIG Research assumed coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8,329.40.

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.