Aristides Capital LLC Grows Stock Position in NVR, Inc. $NVR

Aristides Capital LLC lifted its holdings in NVR, Inc. (NYSE:NVR) by 62.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 335 shares of the construction company’s stock after purchasing an additional 129 shares during the period. Aristides Capital LLC’s holdings in NVR were worth $2,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVR. AustralianSuper Pty Ltd bought a new position in NVR in the 4th quarter worth approximately $4,835,000. Norges Bank bought a new position in NVR in the fourth quarter valued at about $311,496,000. SG Americas Securities LLC boosted its holdings in NVR by 669.5% in the fourth quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock valued at $30,863,000 after acquiring an additional 3,682 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in NVR by 1,245.3% in the third quarter. Tudor Investment Corp ET AL now owns 1,009 shares of the construction company’s stock valued at $8,107,000 after acquiring an additional 934 shares during the last quarter. Finally, Luma Capital S.A. SPF acquired a new stake in NVR in the fourth quarter worth about $9,874,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 target price on shares of NVR in a report on Tuesday, April 7th. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. BTIG Research reiterated a “buy” rating and set a $8,096.00 target price on shares of NVR in a research report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7,454.20.

Key NVR News

Here are the key news stories impacting NVR this week:

• Positive Sentiment: Operating cash flow improved sharply to $339.7 million, while the balance sheet remained strong with $1.14 billion in cash and relatively low debt. This helps cushion the earnings miss and supports financial flexibility.
• Positive Sentiment: New orders rose 9% and backlog increased, suggesting demand is holding up even as pricing and affordability remain challenging.
• Neutral Sentiment: Wall Street still has some constructive views on the stock, with recent buy coverage from Zelman & Assoc. and a range of price targets that remain well above the current share price.
• Negative Sentiment: Second-quarter diluted EPS came in at $83.96, below expectations and down 23% from a year ago, while revenue fell to $2.34 billion, also missing estimates.
• Negative Sentiment: Margins weakened as higher lot costs, pricing pressure, and contract land deposit impairments weighed on profitability, fueling concern that housing market conditions are pressuring returns.
• Negative Sentiment: Analyst sentiment turned less favorable, including a Zacks Research downgrade to “strong sell” and several downward EPS revisions for future periods, which likely added to selling pressure.

NVR Trading Down 2.8%

Shares of NYSE:NVR opened at $6,170.78 on Friday. The firm has a market cap of $16.66 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 16.29 and a beta of 0.90. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The company’s fifty day simple moving average is $6,353.15 and its 200 day simple moving average is $6,789.46. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $108.54 EPS. As a group, research analysts forecast that NVR, Inc. will post 371.11 EPS 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.