OP Asset Management Ltd Invests $1.99 Million in NVR, Inc. $NVR

OP Asset Management Ltd purchased a new stake in shares of NVR, Inc. (NYSE:NVR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 302 shares of the construction company’s stock, valued at approximately $1,990,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CI Investments Inc. increased its position in NVR by 13.3% during the third quarter. CI Investments Inc. now owns 17 shares of the construction company’s stock worth $137,000 after buying an additional 2 shares during the last quarter. Castleview Partners LLC boosted its stake in shares of NVR by 2.8% during the 4th quarter. Castleview Partners LLC now owns 74 shares of the construction company’s stock worth $540,000 after acquiring an additional 2 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of NVR by 0.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock valued at $3,099,000 after acquiring an additional 2 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of NVR by 3.9% during the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock valued at $387,000 after acquiring an additional 2 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of NVR by 4.9% in the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock valued at $314,000 after acquiring an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

NYSE NVR opened at $6,829.68 on Monday. The stock has a 50-day simple moving average of $6,270.56 and a 200 day simple moving average of $6,906.09. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The stock has a market capitalization of $18.44 billion, a PE ratio of 16.65, a P/E/G ratio of 5.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19.

NVR (NYSE:NVR) last released its 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 business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $94.83 EPS. The business’s quarterly revenue was down 21.7% compared to the same quarter last year. Research analysts anticipate that NVR, Inc. will post 372.53 EPS for the current year.

Insider Activity

In related news, Director Michael J. Devito acquired 11 shares of the stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the purchase, the director owned 25 shares in the company, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

NVR has been the subject of several analyst reports. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. BTIG Research reissued a “buy” rating and issued a $8,096.00 price target on shares of NVR in a research report on Wednesday, April 22nd. Seaport Research Partners restated a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a research note on Tuesday, April 7th. UBS Group decreased their price objective on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Bank of America lowered their target price on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, NVR has an average rating of “Hold” and an average target price of $7,649.33.

NVR 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.