286 Shares in NVR, Inc. $NVR Purchased by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers acquired 286 shares of NVR worth approximately $1.95 million in the second quarter. Institutional investors collectively own 83.67% of the homebuilder’s stock.
• NVR’s latest quarter showed weaker performance: revenue fell 10.5% year over year to $2.34 billion and missed expectations, while EPS was reported at $83.96. The stock opened at $6,309.44, below its 50-day and 200-day moving averages.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $7,224.20. UBS cut its target to $7,400, while other analysts issued targets near $7,446 or upgraded the stock.

Wealthfront Advisers LLC purchased a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 286 shares of the construction company's stock, valued at approximately $1,949,000.

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

Insider Buying and Selling at NVR

In other NVR news, Director George Oliver purchased 63 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the purchase, the director directly owned 63 shares of the company's stock, valued at $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.60% of the stock is owned by corporate insiders.

NVR Price Performance

Shares of NVR opened at $6,309.44 on Friday. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company has a market capitalization of $16.78 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 10.73 and a beta of 0.91. The firm has a 50 day moving average of $6,449.49 and a 200 day moving average of $6,617.38. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on NVR shares. UBS Group lowered their price objective on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. BTIG Research set a $7,446.00 target price on NVR in a research note on Friday, July 24th. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Zelman & Associates raised NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of NVR from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, NVR has a consensus rating of "Hold" and a consensus price target of $7,224.20.

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.

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