17,684 Shares in NVR, Inc. $NVR Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 17,684 NVR shares during the second quarter, worth approximately $120.5 million, giving it a 0.65% stake. Institutional investors collectively own 83.67% of the homebuilder.
• NVR reported quarterly revenue of $2.34 billion, below expectations and down 10.5% year over year, while adjusted earnings significantly exceeded the cited consensus estimate. Analysts project full-year EPS of approximately $366.98.
• NVR shares opened at $6,415.36, below the analyst consensus target of $7,224.20. Analyst sentiment remains mixed, with a consensus rating of Hold across Buy, Hold, and Sell recommendations.

Deutsche Bank AG bought a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,684 shares of the construction company's stock, valued at approximately $120,488,000. Deutsche Bank AG owned 0.65% of NVR at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NVR. Clearstead Trust LLC purchased a new stake in shares of NVR in the second quarter worth $27,000. DV Equities LLC bought a new stake in shares of NVR during the 4th quarter valued at $29,000. Strive Financial Group LLC purchased a new position in shares of NVR during the 4th quarter valued at $29,000. Trust Co. of Vermont purchased a new position in shares of NVR during the 2nd quarter valued at $34,000. Finally, Oakworth Capital Inc. bought a new position in NVR in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

NVR stock opened at $6,415.36 on Thursday. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company's fifty day moving average price is $6,452.70 and its 200-day moving average price is $6,626.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The company has a market capitalization of $17.06 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 10.45 and a beta of 0.91.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $83.06. The company had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. NVR's quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the company posted $108.54 earnings per share. On average, equities analysts anticipate that NVR, Inc. will post 366.98 EPS for the current fiscal year.

Analysts Set New Price Targets

NVR has been the subject of a number of analyst reports. Zelman & Associates upgraded NVR from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. Bank of America lowered their price objective on NVR from $7,600.00 to $7,200.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Truist Financial dropped their price objective on NVR from $6,600.00 to $6,400.00 and set a "hold" rating for the company in a research note on Friday, July 24th. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of NVR in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7,224.20.

Insider Buying and Selling

In related news, Director George Oliver acquired 63 shares of the company's stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director directly owned 63 shares of the company's stock, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 8.60% of the stock is currently owned by insiders.

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.

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