IFM Investors Pty Ltd Purchases New Shares in NVR, Inc. $NVR

IFM Investors Pty Ltd purchased a new position in NVR, Inc. (NYSE:NVR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 586 shares of the construction company’s stock, valued at approximately $3,862,000.

Several other institutional investors and hedge funds also recently bought and sold shares of NVR. Brighton Jones LLC boosted its stake in shares of 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 purchasing an additional 31 shares during the period. Woodline Partners LP raised its position in NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC lifted its stake in NVR by 100.0% in the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock worth $75,000 after purchasing an additional 5 shares during the last quarter. Cerity Partners LLC lifted its stake in NVR by 7.9% in 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 last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of NVR by 3.7% during the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after buying an additional 16 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVR has been the topic of a number of analyst reports. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America decreased their price target on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Seaport Research Partners restated a “sell” rating and set a $5,664.00 price objective on shares of NVR in a report on Tuesday, April 7th. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Finally, UBS Group reduced their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NVR presently has an average rating of “Hold” and a consensus target price of $7,649.33.

Insider Buying and Selling at NVR

In related news, Director Michael J. Devito acquired 11 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were bought at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director directly owned 25 shares in the company, valued at $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is owned by company insiders.

NVR Stock Down 0.2%

NVR stock opened at $6,738.57 on Friday. The business has a fifty day moving average of $6,258.33 and a two-hundred day moving average of $6,885.14. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. The firm has a market cap of $18.19 billion, a P/E ratio of 16.43, a P/E/G ratio of 5.01 and a beta of 0.90. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the business posted $94.83 earnings per share. The company’s revenue was down 21.7% compared to the same quarter last year. On average, analysts forecast that NVR, Inc. will post 372.53 earnings per share for the current fiscal year.

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.