Envestnet Asset Management Inc. Increases Stock Holdings in NVR, Inc. $NVR

Envestnet Asset Management Inc. lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,730 shares of the construction company’s stock after purchasing an additional 203 shares during the period. Envestnet Asset Management Inc.’s holdings in NVR were worth $78,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NVR. Blue Trust Inc. raised its stake in 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 purchasing an additional 3 shares during the last quarter. Assetmark Inc. raised its position in shares of 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. State of Wyoming purchased a new position in shares of NVR in the second quarter worth about $44,000. CYBER HORNET ETFs LLC acquired a new position in NVR during the second quarter worth about $59,000. Finally, Financial Gravity Companies Inc. purchased a new stake in NVR during the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Down 0.6%

Shares of NYSE:NVR opened at $7,996.37 on Monday. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 2.58 and a beta of 1.03. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $8,618.28. The business has a 50-day moving average price of $7,534.57 and a 200 day moving average price of $7,705.79. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. BTIG Research assumed coverage on NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target for the company. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a report on Thursday, January 29th. UBS Group reaffirmed a “neutral” rating and issued a $8,350.00 target price on shares of NVR in a research note on Thursday, January 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $8,329.40.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 220 shares of NVR stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the sale, the director owned 386 shares in the company, valued at approximately $3,088,000. This trade represents a 36.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.80% 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.