464 NVR, Inc. $NVR Shares Acquired by Mather Group LLC.

Key Points

• Mather Group LLC doubled its NVR position by 104.7% in the third quarter, acquiring 464 additional shares for a total of 907 shares valued at $5.58 million. Institutional investors and hedge funds collectively own 83.67% of NVR.
• Analyst sentiment remains mixed: NVR has a consensus “Hold” rating from eight analysts, with an average price target of $6,809.67. Recent actions included Morgan Stanley initiating an “Underweight” rating and Zacks downgrading the stock to “Strong Sell.”
• NVR shares opened at $5,941.07, up 3.6%, while the company’s latest quarterly revenue fell 10.5% year over year to $2.34 billion. Earnings were reported at $83.96 per share, although the article’s figures indicate an unusually large beat versus consensus estimates.

Mather Group LLC. grew its position in NVR, Inc. (NYSE:NVR - Free Report) by 104.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 907 shares of the construction company's stock after acquiring an additional 464 shares during the period. Mather Group LLC.'s holdings in NVR were worth $5,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NVR. Lodestone Wealth Management LLC raised its holdings in NVR by 10.9% during the third quarter. Lodestone Wealth Management LLC now owns 275 shares of the construction company's stock worth $1,692,000 after purchasing an additional 27 shares in the last quarter. Krilogy Financial LLC boosted its holdings in NVR by 32.1% in the 3rd quarter. Krilogy Financial LLC now owns 181 shares of the construction company's stock valued at $1,041,000 after purchasing an additional 44 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in NVR by 129.3% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 94 shares of the construction company's stock valued at $567,000 after purchasing an additional 53 shares in the last quarter. Riversedge Advisors LLC purchased a new stake in NVR in the 3rd quarter valued at approximately $320,000. Finally, LifeGoal Investments LLC purchased a new stake in NVR in the 3rd quarter valued at approximately $252,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director George Oliver purchased 63 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the purchase, the director directly owned 63 shares of the company's stock, valued at $405,185.13. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.60% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on NVR. Morgan Stanley assumed coverage on NVR in a report on Thursday, October 1st. They issued an "underweight" rating and a $5,058.00 price target for the company. Weiss Ratings downgraded NVR from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, October 2nd. BTIG Research set a $7,125.00 price objective on NVR in a report on Tuesday, September 22nd. Zacks Research cut NVR from a "hold" rating to a "strong sell" rating in a research report on Monday, September 21st. Finally, Bank of America cut their price objective on NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, NVR presently has a consensus rating of "Hold" and an average price target of $6,809.67.

NVR Stock Up 3.6%

Shares of NYSE NVR opened at $5,941.07 on Friday. The stock has a market capitalization of $15.80 billion, a price-to-earnings ratio of 15.41 and a beta of 0.90. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,200.00. The firm has a 50-day moving average price of $6,212.54 and a 200 day moving average price of $6,329.08. 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 issued its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the business posted $108.54 earnings per share. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. Equities research analysts anticipate that NVR, Inc. will post 361.98 EPS for the current fiscal year.

NVR Company Profile

NVR, Inc is a U.S. homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its Ryan Homes, NVHomes and Heartland Homes brands, the company designs and constructs single-family homes, townhomes and condominiums for first-time, move-up and luxury homebuyers.

NVR serves customers across selected markets in the Mid-Atlantic, Northeast, Midwest and Southeast regions of the United States. Its homebuilding operations include land acquisition and development, home design, construction, sales and customer service.

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